Previously a relatively common feature of the retail landscape, turnover rents fell out of favour as consumer habits shifted online and added to drafting complexities. But the high-profile corporate causalities of the COVID-19 pandemic seem to be placing new pressure on revisiting these old terms.
Clare Harman Clark examines how uncertainty in the retail sector may be fuelling a comeback for turnover rents, and how parties can make the compromise of variable rents work.
Read the full version originally published in the Property Section of the Law Society magazine (subscription required).