Turnover rents are increasingly common in retail lettings. In challenging times, they appeal to tenants because both the landlord and tenant share the risk of trade being adversely affected by the state of the wider economy. Landlords would prefer a guaranteed fixed rent but may have to agree to a turnover arrangement in order to…
Online auctions, especially the ‘modern method’ of auction, continue to grow in popularity. Last year saw a 40 per cent rise in the value of property sold at auction, much of this online. But what exactly is the modern method of auction, and is it something you should consider? ‘For a seller there are certainly…
If your son or daughter is heading off to university, you may be thinking about their accommodation. With student rents averaging nearly £7,000 a year, you may also want to help financially. For some parents, the solution is to buy a property for their child to live in while studying and possibly to rent spare…
If you are a business tenant, a break clause in your commercial lease gives you valuable flexibility to move out if circumstances change, but the law on break clauses is full of traps for tenants. If you want to be certain of ending your lease successfully, you must pay attention to all the details and…