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Commercial Property News

Taking your first commercial lease

Some of the world’s most successful companies have started at home or in a garage, but at some point it makes sense to move to business premises.  Committing to your first commercial lease is an important step in the life of a young business and...

Empty commercial property - risk or opportunity?

If you own a business property which is lying empty, then aside from a poor return on your investment you have a liability on your hands.  ‘The risks faced by an owner of empty property fall into three main categories’ says Nick Pashley...

Getting vacant possession for redevelopment

Where a business tenant has the protection of the Landlord and Tenant Act 1954, the landlord’s ability to get vacant possession of the property is limited.  A landlord who wants to redevelop must prove that they have a viable scheme and genuinely...

Option or promotion agreement - which is best for landowners?

If you have land that is ripe for development, how do you go about ensuring you get the best possible return on its value?  If you are not experienced in planning and construction, you are likely to need the expertise of a professional developer to...

Service charges in commercial property - new code of conduct

Service charges can be a contentious issue.  Landlords and tenants have a shared interest in making sure the property is well maintained and managed but disputes are common.  New professional guidance for commercial property owners and managers,...

Commercial landlords beware: minimum energy efficiency standards are coming soon

As part of its carbon reduction strategy, the government is introducing minimum energy efficiency standards, known as ‘MEES’, for privately rented residential and commercial properties.  From 1 April 2018, it will be illegal to grant a new...

Forfeiting a lease on a commercial property

Forfeiture is a way for a landlord to bring a lease to an end, where the tenant is behind with the rent or not complying with other obligations.  It is particularly useful in relation to commercial property, where landlords rely on their tenants to pay...

How overage agreements can boost profits from your land transactions

Does your business own land that is ripe for development?  If so, how do you get the best value from a potential developer?  The price they pay will take into account the time and money they expect to put in, but you will also want it to reflect...