As Profitable Retailers Such as Apple Push for Rent Cuts on COVID-19, What’s in Store For Landlords and Tenants Going Forward?

Apple, which achieved record third quarter sales despite disruption caused by the pandemic, reportedly asked owners of its 38-store estate in the UK for rent reductions earlier this month. While many other retailers sales and profits have been demonstrably pummelled by the outbreak, Covid-19 is putting pressure on property companies to link a tenant’s rent to their takings.