Pressure grows on landlords

Over half of property management specialists say tenants tried to change the terms of their commercial leases in the past 12 months amid the slowing UK business recovery.

New research published today by Creditsafe, the business information consultants, says that 53 per cent of commercial property management specialists have noted the trend.

It also says one in 20 firms has lost money due to clients becoming insolvent, and that the twin pressures mean landlords across the country are cutting revenue forecasts.