Fox Williams LLP is hosting its next Fashion Law webinar on 1 December where it will be discussing turnover rent clauses in retail leases.

Turnover rent clauses must be carefully negotiated; particularly when taking into account the rise in online selling, click and collect models, and the increasing use of physical stores as showrooms to drive online sales.

Despite the challenges inherent in turnover-based rents, the model provides a flexible basis for landlords and retailers to share in the risks and rewards of the tenant’s trading performance.

But with multichannel retailing, the lines between online and bricks and mortar retail are becoming increasingly blurred. Much will, therefore, depend on clear lease drafting. Plus, careful consideration of what items to include in the calculation of turnover rent.

Scott Hilton, an associate in Fox Williams’ real estate group, will explore the following:

• The changing retail landscape and potential emergence of turnover-based rents in the post-Covid-19 world.
• An overview of the turnover-based rents model and key considerations for fashion retailers, and
• The future of rents in the fashion sector and conclusions.

The webinar takes place on Tuesday 1 December from 5.00-5.30pm. There will also be the opportunity to raise questions in an open Q&A session. For more information and to register, please click here.  Alternatively, contact Steve Sidkin at slsidkin@foxwilliams.com.