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…

A home with outside space appeals to many of us, but it may be hard to find somewhere affordable with a garden and, even then, you may not want the responsibility of its upkeep. A balcony or roof terrace could give you that much coveted al fresco space without the maintenance headache. ‘It is certainly…

If you take out a mortgage to buy your home, your lender will almost certainly register a charge against it at the Land Registry. The charge does not transfer ownership. However, it will give the lender important rights, including the ability to sell your home if you default on your loan. ‘When borrowing to buy…

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…

With the Renters Reform Bill aiming to strengthen tenants’ rights, and interest rates and economic pressures squeezing property investment returns, more and more landlords are leaving the private rental market. There have been claims in the media of a landlord exodus, and if you are a residential landlord perhaps you have been thinking about selling…

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…

logo-footer

© Landsmiths Solicitors is a business name of Landsmiths Legal Limited, a private limited company registered in England and Wales under Company Number 12544060 VAT Registration No: 372 8281 77. Landsmiths Legal Limited is authorised and regulated by The Solicitors Regulation Authority firm no. 802873, with its registered office at Stoney House, 26-30 Stoney Street, Nottingham, NG1 1LL. Its Directors are Rachael Briggs, Vikhen Moothia and Chloe Smart.

You can find out more about the Solicitors Regulation Authority including their contact details and professional conduct rules on their website: www.sra.org.uk

Terms and Conditions and information on the firm’s Professional Indemnity Insurance are available on request.

Terms of Use | Privacy & Cookies | Complaints | Interest Policy