How will landlords be impacted?

Posted by Toys R Us Staff on

At this stage of the Administration there is some uncertainty while the Administrators evaluate their options regarding the company’s future and determining how to obtain the best possible outcome for all creditors.

The Administrators will pay rent and service charges in arrears for the period of occupation of the property.

If a buyer can be found leases may be assigned with the agreement of the buyer and landlord.

If the leases are not assigned, once trading has ceased, the company will seek to surrender the lease and hand responsibility for the property back to the landlord.

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