Resources Blog

blog yellow circle pmgHere are a range of blog resources that we've placed into 10 categories to help focus on the type of property-management help you need - Condition & Repairs, Rent Monies, Non-Rent Monies, Insurance, People Interests, Sales & Lettings, Leases & Titles, Taxes, Services & Compliance, and General.

Lease “Re-gears” and "Re-Gearing" Explained and Expounded

regear regearing leases property management guideYou may come across the phase lease “re-gears” or “re-gearing”, particularly with commercial property leases, and wonder what on earth this is describing.

Just what is a lease regear, and what does it mean?

In short, a re-negotiation of the lease so that there’s a benefit for both the landlord and tenant.

Often this means that it extends longer to have a reduced rental level now. Therefore, you tend to define a lease regear by what the two parties want out of the property interest – the landlord, and tenant.

So, one will trade-off one factor of the lease, to benefit another; and the other vice versa, on hopefully a mutually beneficial basis.

It’s not that either party has to do any of this. After all the current lease is a set...

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Lease Renewals for Commercial Business Premises, and Landlord & Tenant Act 1954

lease renewal commercial business property landlord tenant act 1954In terms of what is a lease renewal at a commercial property, then it agrees to a whole new lease for a tenant to continue occupying a property for their business.

It sounds simple, and it is – a new lease.

What can confuse this is talk of maybe an extended or ‘holding over’ lease, or even ‘re-gearing’ a new one.

These are more about changing or stretching out the current business lease, whereas a lease renewal is a brand-new lease into the future.

checklist small property management guide CLICK HERE to immediately download a Fact Sheet outlining the top 5 factors to secure any commercial property lease renewal successfully.

Here is a video of five key factors to appreciate these lease renewals:

 The ‘1954 Act’ Protection

The key to understanding how you...

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Property Service Charges, the What's & How's

service charges explained budget property management guideService charges at properties can be a hidden time-tomb just waiting to go off if you don’t understand them right from the beginning.

The idea is simple – to share-out costs for running and maintaining the shared parts of a property.

But the practice is complicated, with sudden charges and unexpected issues.

Therefore, whether you’re a tenant left to pay a service charge, a landlord working out how to operate and raise one, or an advisor stuck in the middle trying to communicate them – here are five key questions answered about them.

checklist small property management guideCLICK HERE to immediately download a Fact Sheet summarising the 5 key factors to cost-effective service charges at any property interest.

1. What is a Service Charge at a Property?

In short...

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Rent Monies

blog yellow circle pmgHere are various blog resources related to the rent that is paid at properties, with sub-category information on Rents here. Whether you're a landlord receiving, tenant paying, or middle-man managing. Right through from how to correctly charge and collect to how it needs to change over time, this is often the most important factor to managing let properties, and includes simular variations such as licence fees. 

 

Non-Rent Monies

blog yellow circle pmgHere are various blog resources related to non-rent monies and payments, with sub-categories of service charges, fees, and other monies and costs/charges. These can be directly charged or hidden away, and are important to know what you may have to pay or might be able to charge another property interest for.

 

Insurance

blog yellow circle pmgHere are various blog resources related to the insurance of properties, ranging from the main building cover to ancillary ones like contents, with sub-category insurance ones here. Whether it's the premium to pay or the policy to correctly arrange, these help explain what's needed from the perspective of different property interests.

 

People Interests

blog yellow circle pmgHere are various blog resources related to all the different property interests, with sub-categories in Contrators, Managing Agents, Tenants & Occupiers, Landlords & Investors, Residential Properties, Commercial Properties, Property Professionals, and Other Interests. These cover general factors to consider for a particular interest, to more detailed issues to resolve for a particular course of action.

 

Sales & Lettings

blog yellow circle pmgHere are various blog resources related to the sales & lettings of a property, and all related transactions, with sub-category resources of Sales & Lettings. Whether you're involved in these directly yourself, or you're working with other sales/letting agents and interests, these help highlight important property managemnet factors to consider.

 

Leases & Titles

blog yellow circle pmgHere are various blog resources related to all forms of leases, titles, and legal documentation involved with property interests, with sub-categories for Leases and Titles resources. Whether a straight forward lease agreement or complicated legal documentation, here is help to understand what you're trying to achieve and then practically how to easily do this.

 

Taxes

blog yellow circle pmgHere are various blog resources related to all the taxes involved with property interests, from VAT and SDLT, to income and capital gains, to rates and council tax - chcek out the Tax sub-category. These will help you work alongside other accounting and tax advisors to make sure you cover all bases to reduce your overall tax liabilities.

 

Services & Compliance

blog yellow circle pmgHere are various blog resources related to the services and compliance at a property, with sub-categories of Fire Safety, Security, Cleaning & Hygiene, Health & Safety, Utilities & Energy, Maintenance, Other Services, Facilities, and Planning. These range from say your fire and health and safety compliance, through to services like cleaning and utilitities. These resources help provide an overview of each area without getting too technical, so you can plan it all in at the right time and best cost.

 

General

blog yellow circle pmgHere are various blog resources related to any other general subjects involved with properties and their interests, including sub-categories of Procedures, Principles, and Special Occasions. So whether it's the basics of property management, or more specific property issues and queries that don't naturally fall in the other categories, you'll find them all here.

 

Condition & Repairs

blog yellow circle pmgHere are various blog resources related to the condition of a property and any repairs and alterations required, with sub categories of Condition and Repairs. Whether it's a reactive roof repair, pro-active maintenance plan, or carefully-chosen contractor - these help explain how to effectively keep properties in the right condition.