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Covenant strength key for landlords

Since the recession, which is now almost 6 years ago, landlords for commercial space have been forced to change their attitudes towards tenants regarding the surety that they require from incoming tenants. This is because over the past 5 years landlords have seen many of their tenants get in to deep water and not be able to survive, therefore leaving them with empty dilapidated spaces. At this point the landlord has to re-furbish the space then re-let the space causing significant capital costs as well as a void period while re-marketing the space.