Category: Leases & Titles
This is a hidden-gem of legislation that can help unlock value in commercial property that are held on long leasehold interests – getting very technical on the legal side, but worth it if you’re in this situation.
This has recently come to light in a legal case called Shaviram Normandy Limited v Basingstoke and Deane Borough Council  UKUT 256 which has a good legal explanation here.
In short, this covers a situation where the “owner” of a commercial property holds it through a long lease rather than freehold, like when your “own” flats in a block. This lease may well restrict what you can use it for, and in this day and age of needing to look at alternative value-driven ways this can therefore cause you a problem with proposed...
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Category: People Interests
Offices are certainly seeing a change with the times to what they used to be. Back in the day there was plenty of space around, particularly in urban areas, with large businesses taking chunky space by owning the property or taking long leases.
Whereas 25-year leases were the norm decades ago, they’re now very rare. After all, it’s all about flexibility and the more serviced office market.
And with such newer-ways of looking at office space, whether an occupier taking an agreement, and owner arranging to market, or a middle-man advisor helping out – you can get away from some of the nuts-and-bolts of what makes a good office space.
Talk of just the rent or price and a list of what’s on offer can seem a lot simpler. However, it’s still...
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Category: Condition & Repairs
When you talk about how an occupier or owner needs to leave a property for say a change in lease or ownership, it can sound very straight forward at first. They just remove what’s there’s and leave it in an acceptable condition.
However, in reality things can get more complicated, as with a lot of things when managing property interests.
And in particular, knowing what items need to stay or go, which can be a grey area with things that look pretty well part-and-parcel of the property but in actual fact may still need removing (or vice verse).
Introducing Chattels and Fixtures
Hence, let’s introduce two words that have technical legal meanings.
Although you may not come across them all of the time and with straight forward say...
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Here 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.
Here 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.
Here 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.
Sales & Lettings
Here 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
Here 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.
Here 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
Here 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.
Here 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
Here 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.