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condence temporarily regained this had
a positive impact on the ability of tenants
to pay rent.
Following a sharp increase in positive
Covid cases in the region, the seven North
East local authorities grouped together to
petition government to allow for tighter
restrictions, which imposed curfews on
the leisure and hospitality industry in the
weeks prior to the second national
lockdown. It was hoped that in doing so
the North East could regain a little control
of the transmission of the virus and avoid
being forced into Tier 3 restrictions. This
was successful and the North East was
categorised as Tier 2. It was later
commented upon, during the
Government’s recent scientic
announcement, that the curve of
infection rates was attening in the region
at the point that England was placed back
into a national lockdown for the second
time.
The impact of the second lockdown is
ISSUE 10 : AUTUMN 2020
only just becoming apparent, but with
rent collection rates already at a low
starting point there is a feeling of general
unease amongst landlords, many of whom
are ineligible for Government grants and
assistance. We continue to work
proactively and closely with landlords and
tenants to maintain lines of
communication, to keep those tenants
who have been able to adapt their
businesses trading and to allow for the
negotiation of mutually benecial
arrangements with regard to rent
payments.
A number of lease regears have been
arranged, rent deposits drawn down and
payment plans to defer payments have
been put in place which have also been
able to ensure business continuity for
tenants whilst reassuring landlord’s
lenders that funds will be forthcoming
following the ease of current restrictions
and the end of the pandemic.
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To discuss how Bradley Hall’s Property
Management Team can assist you in
the management of your property
assets please contact Catherine
Aeck, group operations director &
head of property management on
0191 232 8080 or email:
catherine.aeck@bradleyhall.co.uk
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