TfL commercial management

Meeting: 
MQT on 2014-11-19
Session date: 
November 19, 2014
Reference: 
2014/4464
Question By: 
Nicky Gavron
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Do you believe that, in its operations as a commercial landlord, TfL should initiate rent reviews which result in well-established local small businesses being unable to afford their rents and therefore having to move out?

Answer

Answer for TfL commercial management

Answer for TfL commercial management

Answered By: 
The Mayor

TfL rent reviews are designed to be fair to both landlord and tenant.  We are not aware of any instances where TfL tenants have had to move out because they were unable to afford reviewed rents. There are provisions in TfL's leases for tenants to refer rent reviews to arbitration if they are unhappy with the new rent proposals.