VAT, Commercial Property and the Option to Tax

VAT, Commercial Property and the Option to Tax

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...
What is a Full Repairing and Insuring Lease?

What is a Full Repairing and Insuring Lease?

What is a Full Repairing and Insuring Lease? A full repairing and insuring lease (“FRI Lease”) is a lease in which the tenant takes on all of the costs for repairs and insurance for the property being leased from the landlord. This article focuses on the repairing...
Lease, Licence or Tenancy at Will

Lease, Licence or Tenancy at Will

Lease, Licence or Tenancy at Will Lease, Licence or Tenancy at Will, which one should you use? Tenancy at Will A tenancy at will is the most flexible option out of the three. It is a personal relationship between a landlord and tenant, which creates no legal interest...
Residential Periodic Tenancies

Residential Periodic Tenancies

Residential Periodic Tenancies What is a periodic tenancy? A periodic tenancy is a tenancy referring to a specific period of time, whether that is weekly, monthly, quarterly or yearly. It may also be referred to as a ‘rolling contract’ because it rolls from one...