The Sunday Times, page Business
By Adam Coffer
Adam Coffer explains why collegiality is key to remedying the situation
Rent strikes are not the answer to the crisis
Last week’s article, “Now the coronavirus infects property giants as their tenants go on strike”, raises some interesting issues but fails to fully reflect the reality for many owners and tenants.
While the “giant” landlords and retailers cited may be in something of a “strike” scenario, we — and many other landlords — are very much working together with our tenants, as we always have done.
Of course there are good and bad apples but, at EPF, we have strong relationships with our tenants — all of which have direct contact with us. And that approach has never been more crucial, not least because any deferred or unpaid rent must still be paid in due course unless agreements are reached (a point the article did not mention).
Therefore, engagement, open dialogue and symbiotic strategies are key to remedying the situation. Simply refusing to pay is not a solution.
These are extraordinary times, but landlords and tenants can find solutions together.
Adam Coffer, managing director, EPF, London W1