That Retail Property Guy
Welcome to That Retail Property Guy, the podcast where retail property expert Gary Marshall champions retail tenants and empowers professionals across the industry. With a career spanning decades, a dozen retailers, and millions in recovered losses for leading UK retailers, Gary shares his unparalleled knowledge to help retail tenants protect their rights, navigate leases, and maximise opportunities often overlooked by landlords, estates and accounts teams.
This podcast is your go-to resource for unlocking the mysteries of retail property. Whether you're an experienced professional, a mid-sized chain, or someone just starting in the industry, Gary’s insights will help you build confidence, avoid pitfalls, and thrive in this complex field.
Through practical advice, real-world examples, and interviews with industry leaders, That Retail Property Guy is dedicated to fostering development and knowledge-sharing for the next generation of retail property experts.
Listen weekly and discover how small insights can lead to big wins for retail tenants everywhere. Start your journey to retail property mastery today!
That Retail Property Guy
Retail Property Leases: Challenges of Subletting, Assignment & Privity of Contract
Challenges of Subletting and Assignment: Key Considerations for Retailers
What can tenants do to mitigate the financial burdens of surplus properties including various strategies like subletting, underletting, and assignment in the UK retail property market? Join That Retail Property Guy' as host Gary Marshall discusses strategies for tenants to dispose of surplus leases. Gary explains the importance of reading lease terms, securing landlord consent, and the implications of the 1995 Landlord and Tenant Covenants Act. He delves into the risks and responsibilities involved in underletting, subletting, and assignment, and provides practical advice on mitigating financial losses, dealing with non-paying subtenants, and managing potential lease-end complications.
00:00 Introduction and Episode Overview
00:11 Understanding Lease Contracts and Tenant Obligations
01:27 Options for Retailers with Surplus Properties
01:34 Exploring Break Clauses and Alienation Rights
02:10 Underletting and Subletting Explained
03:32 Navigating the 1954 Landlord and Tenant Act
06:12 Landlord's Approval and Reasonable Consent
08:55 Assignment of Leases: Risks and Rewards
10:46 The 1995 Landlord and Tenant Covenant Act
14:01 Managing Financial Support and Lease Expiry
16:15 Conclusion and Final Thoughts.
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Go to ThatRetailPropertyGuy for more on Gary Marshall, Smarter Estates and the TRPG podcast. You can also check out the TRPG Blog for reading versions of key episodes.
For our niche 'Accounts Recoverable in Retail Property' business services, visit SmarterEstates
And find Gary and team on LinkedIn for regular updates and community info!
