Commercial tenants will know that the rent they pay is only one part of the overall cost of occupying their premises. A service charge is another significant cost and, unlike rent, it can fluctuate from year to year depending on what the landlord intends to spend on maintenance and other services. Commercial tenants keen to…

Charities enjoy favourable tax status but must follow a range of statutory rules, and this includes obligations in regard to leasing premises and property transactions. The trustees must take care to follow the proper process if they want to sell or let their land or use it to secure borrowing. ‘There is also a possible…

In challenging economic conditions, commercial property landlords must be prepared for tenants 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 will be different depending on the type of insolvency process your tenant is…

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 is a great way to keep it ‘alive’ and bring in rent while you look for a…

In a bumpy market, it pays to be well-prepared before you put your commercial property on the market. Your solicitor will help you to be ready for the kinds of questions you should expect from prospective buyers as they and their solicitors carry out due diligence checks. The more potential problems you can spot and…

Commercial landlords are increasingly keen to show that their buildings are sustainable. With energy prices high and continuing uncertainty in the global energy markets, producing renewable energy on commercial buildings is more attractive than ever. Putting solar panels on a new building as you develop is relatively straightforward, but most landlords have to retrofit solar…

If a neighbouring landowner uses part of your land for something, such as access or drainage, it is likely that they will have a formal right known as an easement. This could restrict your ability to redevelop or extend existing buildings on your land. Easements are fertile ground for disputes, because it is not always…

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…

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…

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