Insight | Legal Alert

United Kingdom: Extension of COVID-19 enforcement and rent recovery restrictions for commercial leases

Restrictions preventing eviction of commercial tenants for non-payment of rent will remain in place until 25 March 2022, the UK government announced on Wednesday 16 June, with rent recovery restrictions also extended to variable dates.
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With volatility in the global economy and the emergence of new real estate investors such as insurance companies and pension funds, the commercial real estate market has become much more competitive. Evolving regulatory requirements in key real estate markets and rapidly changing economic environments have made it more challenging for multinational companies and other investors to manage their real estate portfolios.

We are always developing new products as part of our commitment to client service excellence. These include:

Global Corporate Real Estate Services

Managing a global real estate portfolio can be challenging and complex. We help real estate owners and investors simplify the process of addressing occupancy requirements, handling lease disputes and overseeing the development of specialist facilities. With lawyers across more than 40 countries, we act as a single point of contact to coordinate the needs of our clients everywhere they have property holdings. 

To make this process cost effective, we base our pricing for these services on fixed rates determined through sample studies or pricing menus, hourly or discounted rates with built-in management costs, and fixed-price retainers to cover minor contracts such as extensions, amendments, assignments and subleases. We also provide clients with in-house real estate training programs, access to our helpdesk for general inquiries, as well as legal alerts and other publications that keep clients up-to-date on industry trends.

Visit InsightPlus for our latest legal updates covering Real Estate developments across the globe

Baker McKenzie has been awarded the world's leading Real Estate firm for nine consecutive years by Euromoney (2009-2017). We are also ranked among the top firms by Chambers Global for our Construction Practice, and are consistently ranked in top tiers in multiple jurisdictions for real estate.

"Full-service firm with a robust offering in construction… Well known for its international reach, with notable strength in Europe, Latin America and the Middle East."
: Chambers Global 2017

"International firm with notable local and regional real estate capabilities. Advises on hotel management as well as large corporate transactions and mixed-use development projects."
: Chambers Global 2017 [United Arab Emirates]

" Baker McKenzie has the resources to handle a range of real estate work, including M&A-related matters, developments, financings and commercial leasing. The team has strong ties with international retailers through its global network."
: Legal 500 Asia-Pacific 2017 [Taiwan]

" The ‘outstanding’ team…. has ‘wide industry knowledge and deep market experience'."
: Legal 500 Europe, Middle East and Africa 2017 [Hungary]