New Restructuring Plan Is One To Watch For Retail Landlords

“CVAs can have a profound impact on landlords through the reduction of future rent and other contingent liabilities under a lease. This is typical of underperforming stores, with performing stores subject to minor reductions and underperforming stores facing considerable rent reductions. Retailers often use CVAs to close poor-performing stores.

Many landlords say retailers’ use of CVAs to increase profits by reducing rents and closing stores is unfairly prejudicial, with landlords’ finances hit heavily.”

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