template

Rent Suspension or Reduction Agreement Letter (Covid-19 Concession)

by
Genie Team
Genie Team
Sep, 28 2022

When to use this template

This document is a letter from a landlord to a tenant that temporarily suspends or reduces the rent (and on account payments of service charge) due under the lease. It is not intended to permanently vary the lease, but rather to provide relief during the 2019 novel coronavirus disease (COVID-19) pandemic. The letter includes an optional waiver of any keep open covenant.

Key issues covered in this template

  • Assign or transfer
  • Confidentiality agreement
  • Interest on unpaid sums
  • Notice requirements
  • Reduced rent
  • Rental value
  • Successors in title
  • Termination payment
  • VAT payable
  • Waive rental payments
  • N/A

What to watch out for

  • The letter should be from the landlord to the tenant

  • The letter should record the landlord's agreement to suspend or reduce the rent

  • The letter should be a temporary waiver; not to permanently vary the lease

  • The letter should include an optional waiver of any keep open covenant

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Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

P
S
j
Other
60%
Construction
20%
Legal Services
20%

Additional information

Business categories

Business activities

Relevant sectors

Real Estate

Construction

Consumer, Public & Health Services

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes