Business Rents

Part of Petition – in the House of Commons at 10:42 pm on 10th November 1992.

Alert me about debates like this

Photo of Mr David Mitchell Mr David Mitchell , North West Hampshire 10:42 pm, 10th November 1992

M y hon. Friend has put her finger on the point that is causing grave concern in my constituency and throughout the country. I know that members of the Small Business Bureau are experiencing difficulty with upwards-only clauses in rent reviews and with the awful business whereby, if a company goes bankrupt, there lands on the assignee of the lease a liability from years before to find a high level of rent that it cannot possibly meet.