Charities enjoy favourable tax status but must follow a range of statutory rules, and this includes obligations in regard to leasing charity premises and property transactions. The trustees must take care to follow the proper process if they want to sell or let their...
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Risks of buying a property from a mortgagee in possession you should know
As mortgage interest rates remain high, more homeowners are struggling financially. While a repossession is a last resort for lenders, the number of them is increasing and the trend looks likely to continue. However, it is an ill wind which blows nobody any good. If...
What are your rights when a commercial property tenant goes bust?
In challenging economic conditions, landlords must be prepared for a commercial property tenant to hit financial difficulties and for some to go out of business. If your tenant becomes insolvent, there are legal restrictions on the kind of action you can take which...
How to confidently sell a property quickly to get out of a mortgage
With the rising interest rates, you may be looking to sell a property so you will no longer have the burden of a mortgage. The Bank of England estimates that a million households could see their monthly mortgage repayments increase by £500 over the next three years....
How to document short-term occupation as a commercial landlord effectively
October 25, 2023 No commercial landlord wants their property empty. A vacant unit costs money in repair, insurance, and business rates, without producing any income; and it could be vulnerable to vandalism or squatters. Getting a short-term occupier into your property...