Rent Holiday – It’s wise to be thorough

In this article, Patrick Downes considers Rent Holidays, particularly relevant in these uncertain times and post Covid-19

April 2020

Maintaining a healthy landlord and tenant relationships has always been the best approach in good times and bad. So it is currently important not to over react, or take a short term view when a rent holiday is requested.

Whilst landlords have a business to run just as much as tenants do, a tenants request for a rent holiday must be taken seriously and carefully thought through.



  • Your own bank loans and commitments
  • Income levels required
  • Short term need v long term
  • What benefits can you ask for
  • Desire to change existing lease/change of clauses
  • Long term aim for the property
  • Risk of vacant property & for how long
  • Rates bill



  • Will rent holiday solve the problem
  • How long is requested or required
  • Are they taking the right advice and good advice
  • Quality of tenant and building usage
  • Historic relationships


We cannot be sure what the market will do post Covid 19 and  the cost of having vacant property, including security costs, can be very high.

But remember – read the lease, what does it say?

Careful analysis is key and a speedy response/solution is important.


More Information: Lease Advisory


Patrick Downes is lead director at PACT Property & Assets Ltd.
RICS qualified and with more than 30 years experience in the property sector, Patrick also has extensive business management skills having previously been Managing Partner of a National practice for 14 years.  He applies both his property and business skills as a Non-Executive Property Advisor in all client sectors, dealing with both operational and investment portfolios for Landlords and Tenants.

T: 01242 399500
M: 07467 532171

Patrick Downes_PACT Property&Assets Ltd
Patrick Downes MRICS