Business landlords 'must balance needs' - commercial mortgages

03 April 2009

Commercial landlords need to "balance" the needs of tenants with their own issues, it has been claimed.

It comes following a call from the British Retail Consortium (BRC) for business premises owners to show more flexibility towards companies who may be struggling with rent.

Commenting on this, property economist Ed Stansfield of Capital Economics noted that a lot of landlords are dealing with their own problems at present.

"It's not a simple case of contrasting the landlords who are having a great time and the retailers who are struggling," he remarked.

Mr Stansfield went on to advise that both parties should "recognise" each other's issues and work to resolve them.

The BRC has suggested that premises owners negotiate with firms and switch existing leases to monthly agreements if possible, which may have an impact on repayments for commercial mortgages.

Landlords must show "willingness" to discuss such schemes with businesses, the organisation argued.

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