Commercial Property

commercial leases

Trends in Commercial Leases

  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…

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moratorium extension

New legislation offers breathing space for commercial property tenants

  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…

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commercial property

Commercial Leases and COVID-19

  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…

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The Tenant Fees Act 2019

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…

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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…

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To Auction or not to Auction?

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…

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What could 2019 have in store for Residential Landlord and Tenants?

  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…

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Trend towards flexible leases for businesses

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…

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60 Second interview with John Bartholomew at our Tring office.

1.    How long have you worked for Pictons? I have worked as a Consultant with Pictons since 1st November 2010. 2.    What area of law do you specialise in? My work mainly consists of Commercial Property including property development. I also do some private client work including Wills, Trusts, administration of estates and estate and…

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Security of Tenure

Are you approaching the end of your fixed term commercial lease? If you are running your business from commercial premises subject to a contractual tenancy, it might be worthwhile checking whether your lease says anything about the Security of Tenure provisions to ascertain whether you can renew your lease and continue to run your business…

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