Service charges are a 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 will know that the rent they pay is only one part of the overall cost of...
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Charity premises and land transactions – avoid the traps
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...
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 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...
Green leases for commercial property and the new model clauses
The idea of green leases for commercial property is rising up the agenda as policies push all parts of the economy towards net zero, but many commercial landlords and tenants do not really know what green leases should contain, and who should pay for improvements. A...