Rent news and archive

Digital fashion collective Xtended Identity to launch rentable NFT collection

London-based Xtended Identity is preparing to launch its first digital fashion non-fungible token (NFT) collection that allows buyers to rent and generate profit from their ownership. Set to drop November 11, each NFT in the ‘Love Warrior’ line will offer an ‘own’ and ‘rent’ function designed to help onboard internet users into the Web3 world....

Retail

Two-thirds of UK retailers face legal action in July over unpaid rent

Two-thirds of retailers in the UK face legal action in July when the moratorium on aggressive debt collection from commercial landlords ends, new research shows. Almost one third (30 percent) of retailers say they have already faced County Court Judgements (CCJs) from commercial landlords, while 60 percent of landlords have given tenants less...

Retail

UK retailers pay just 12.7 percent of rent owed on September quarter day

Retail landlords have collected just 12.7 percent of rent due on 29 September, this quarters’ rent day, new data reveals. That’s a 1 percent decline compared to June quarter day. Retail was still the hardest hit sector, and the only one to see rent collection decrease compared to the previous quarter, with offices and industrial assets both...