Clyde & Co – The rise of the turnover lease: A lasting lockdown legacy?

Author - Laura Oliver
Historically, the real estate industry in the UK has not embraced turnover leases to the same degree as many other countries. Investors and their lenders typically prefer a fixed income which is not subject to the vagaries of consumer trends. Meanwhile many tenants prefer not to "share" their profits or indeed the commercially sensitive data required to calculate turnover rents. A year of lockdowns may have changed all that.