When it comes to securing new business premises, the focus often falls on location, size, and rental terms. However, one crucial aspect that should never be overlooked, but often is according to our friends over at Talk UK, is connectivity infrastructure. In today’s digital age, the ability of a business to operate smoothly hinges…
Many businesses enter into a commercial lease in relation to business premises. The original lease will have various clauses (that should normally be checked by a solicitor prior to signing) and may well include wording relating to what happens when the lease is terminated. One of the normal clauses relates to the tenant having…
The commercial real estate sector has experienced significant changes brought about by the COVID-19 pandemic. As businesses adapted to remote work and fluctuating economic conditions, the landscape of commercial leases in the UK has undergone a transformation. The pandemic has reinforced the importance of flexibility in commercial leases. With the uncertainty of the business…
The government has announced that it is extending the moratorium to protect commercial property tenants from eviction, for non-payment of rent, until 25th March 2022. The rules were due to come to an end on 30th June 2021 so the extension will come as a welcome relief to commercial tenants still dealing with the…
The current outbreak has caused substantial problems for businesses in terms of how they carry on trading. Depending upon the sector in which they operate there have been a variety of announcements regarding Government support. For example, the Government has announced cash grants for the retail, hospitality and leisure sector. Under this scheme there…
Over half of the population now rent in the private sector due to a rise in property prices. In a time when buying a property requires savings built up over many years, renting a property can be a more achievable alternative. According to the Department for Work and Pensions the number of people privately renting…
Need a more flexible solicitor? A solicitor that can accommodate you outside of 9-5, Monday – Friday? Our Luton office will be open on Saturday mornings from 10am-12pm for personal attendances or prearranged appointments so if you need to pop something in to us please feel free to come over. Our office is situated on…
There are many advantages to selling or buying at auction, though you must equally be aware of the pitfalls. Auction guide prices can be misleading as these are set to entice the bidder. However, you need to bear in mind the actual reserve will generally be 10% above the auction guide price. Bidding Clearly when…
A Ban on Tenants’ Fees The Tenants Fee Bill is currently going through Parliament and is likely to become law in the spring subject to any major political upheavals. If the bill becomes law then it will remove letting agents’ charges to tenants. They will only be required to pay their rent and deposit…
Commercial tenants’ are becoming more and more aware of the potential impact of their obligations under a lease, and how this coincides with their short term and long term plans for their business. There appears to be a definite shift towards (i) shorter leases, (ii) more frequent break clauses, and/or (iii) increased alienation provisions allowing…