Appleby welcomed Jo Watts from Watts & Co in Guernsey who shared her experiences and insights of transacting commercial property in Guernsey during the Covid-19 period.

The session gave rise to a number of discussions of legal, commercial and practical issues in relation to the commercial property market as both islands transition into their ‘new normal’.

Matters discussed included:

  • loss of rent insurance policies for commercial leases where a tenant is unable to meet its rent obligations due to Covid-19. Discussion centred around the likely availability and cost effectiveness (or otherwise) of such policies and whether tenants could reasonably be required to contribute to the cost of such policies;
  • issues for landlords, tenants and managing agents as business premises begin to reopen for business, including a discussion around obligations in respect of common parts and service charge obligations on landlords;
  • practical constraints around landlord’s obtaining access to premises for the purposes of conducting viewings and potential remedies where tenants refuse to provide landlords with access to the premises;
  • wider discussion on the enforcement of covenants generally during the Covid-19 period; and
  • how the Courts have performed and the potential benefits of Jersey adopting a pre-sale phase, akin to exchange of contracts in England & Wales and conditions of sale in Guernsey.

We will be holding a further session in August. Do let us know if you would like to participate and if there are any topics you would like us to cover.

Type

Analysis

Locations

Jersey, Guernsey

Key Contacts

John Bisson

Partner: Jersey

T +44 (0)1534 818 024
E Email John

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