Apr 11, 2020
Boots and Poundstretcher face legal action over unpaid rent
Landlords are set to begin legal proceedings against retailers including Boots and Poundstretcher for refusing to pay rent despite staying open during the coronavirus lockdown. Charles Shepherd, managing director of the Atmore Group, a Liverpool-based landlord with £100m of property, said it would serve statutory notices for non-payment of rent to Poundstretcher and Boots on Tuesday. Guy Butler, co-founder of Glenbrook, a £35m Manchester-based landlord, also plans to serve notice next week on Poundstretcher for non-payment of rent in a store in the city. Intu, the heavily indebted shopping centre landlord which collected less than a third of the rent it was owed at the end of March, has said it will resort to legal action against retailers who refuse to pay. "There are a lot of chancers out there," said Mark Harris, a landlord who threatened to serve notices on some of his 30 commercial tenants - who do not include Boots or Poundstretcher - for failing to pay rent.
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