London Borough of Hackney · Awarded contract
Awarded

Lease Negotiations with Commercial Tenants for London Borough of Hackney

Awarded 22 Aug 2020

View live tenders
Awarded22 Aug 2020
Value£57,000.00
RegionUnited Kingdom
CategoryConsultancy & Legal
Ended 5y 10mo ago4mo term
Awarded 22 Aug 2020Expired 31 Dec 2020

London Borough of Hackney awarded a contract to CF Commercial for lease negotiations with six commercial tenants.

The tenants sought rent-free periods or more flexible lease terms during the pandemic until the economy fully recovers.

Some tenants indicated they would close their restaurants due to declining footfall if the Council did not respond quickly.

The contract addressed significant risks of void costs from vacant units, business rates, and loss of jobs.

The contract value was £57,000.

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