News - Midlands
Irwin Mitchell seeks retail pragmatism
Michael Bennett, a solicitor in the corporate recovery practice at the Midlands office of law firm Irwin Mitchell, has called on landlords to be pragmatic when it comes to rent reviews. This month’s quarterly rent payment date has again given rise to more predictions of retailers going to the wall. Bennett said: “Quarter day tends to focus the mind of landlords, some of whom may well face hard choices.” He is advising landlords who believe their tenants are struggling to promptly enter into discussions, via the managing agent, to gain an understanding of the tenant’s financial position.