The Levelling Up and Regeneration Act 2023 will give local authorities new powers to hold rental auctions of empty high street properties if landlords do not find tenants for themselves. The relevant parts of the legislation are not yet in force, but if you are a...
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Due diligence on a commercial property acquisition
If you are considering buying a commercial property, it is up to you to do your due diligence and find out as much as possible about the property and the surrounding area before you commit yourself. You will need a solicitor to carry out formal searches of public data...
Commercial service charges – a helpful guide for tenants
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...
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...