Coronavirus (COVID-19) and the commercial lease – documenting a rent concession Coronavirus (COVID-19) and the restrictions now in place to control its spread, are having a significant effect on many business sectors. There are, understandably, concerns for both...
COVID-19 and the Commercial Lease: The Financial impact on Landlord and Tenant Coronavirus (COVID-19) and the restrictions now in place to control its spread, are having a significant effect on many business sectors. There are, understandably, concerns for both...
Budget 2020 – Business rates for small retailers put on freeze In light of the Covid-19 (Coronavirus) situation the Chancellor Rishi Sunak has announced a series of measures to help with business rates for the upcoming financial year. These include: 1. a freeze...
Commercial Tenants: How can I exercise the break clause in my lease? In light of the Covid-19 (Coronavirus) situation, tenants should be reviewing their leases to see whether they contain a break clause, and if so, the conditions which must be met for the break to be...
EPCs and the impact of MEES Regulations – Are you ready for the April 2020 deadline? Since 2008, it has been a legal requirement that whenever a property is built, sold or rented, an Energy Performance Certificate (“EPC”) is required. An EPC gives a property an energy...
VAT, Commercial Property and the Option to Tax The default position is that commercial properties are exempt from VAT. This means that the purchase or leasing of the property would not attract VAT on the purchase price or rent. However, it is not as simple as that...
