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“Landlords have been utterly castrated. No one I know can remember a time when landlords were unable to collect rent.”
Prestbury Chairman Nick Leslau bluntly expressed the frustration felt by many landlords at the actions of some of their tenants during the coronavirus crisis on a webinar hosted by Bisnow and Willis Towers Watson.
Can a government-backed code of conduct, provisionally announced last week, help landlords and tenants find common ground where there is mistrust? And to do so, does it have to be mandatory? At stake could be the faith international investors have in the UK real estate market.
While in many cases, landlords and tenants have come to amicable and consensual solutions about how to restructure rents while the coronavirus pandemic hits revenues, a minority of bad actors on both sides have threatened to sour relations between two camps that desperately need each…
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