Category: Rent Monies
As a landlord looking to make sure the rent and other monies are paid okay by tenants, it can soon become a nightmare when things don’t go to plan.
Suddenly it starts escalating and promised late-payments never materialise, leading to ever-increasing arrears. Then there’s talk of expensive legal action to try and resolve.
But for commercial property there is some good news – you generally have more options and flexibility as a landlord to deal with things.
Therefore, with this focus in mind, here are five core options that are available to deal with commercial tenant arrears. They’re helping to think bigger-picture and strategy wise in order to see what action can then be concluded in whatever situation you’re in.
And to make these...
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Category: Condition & Repairs
This is one of those phrases you may hear mentioned around which does have a deeper legal meaning – ‘vacant possession’ of a property.
In short, it means leaving a property empty. Typically, this might be at the end of a lease when a tenant vacates, or a buyer purchasing a property with nothing left there.
If you add a bit more legal technicality to this, the receiving party must be able to immediately exclusively occupy and possess the property at the relevant time in question.
In principle, this all makes sense. Any new tenant or owner will of course want an empty property without anything left from any previous owners or occupiers. And such previous interests will of course try their best to make sure the property is handed back in a...
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Category: Condition & Repairs
These are surprisingly not understood and applied as much as they should do, with people not realising the potential of these.
Often known as Schedules of Condition with more commercial properties, or Inventories with residential ones, they’re basically a document logging the condition of the property before a tenant takes a new lease there.
Often full of pretty pictures, they describe just how good or bad the condition of the property is and what repairs already exist – the idea being that the tenant is not responsible for those that already exist, but only those that appear afterwards as the property’s condition deteriorates.
It does make sense really, particularly when standard repair clauses in leases can make a tenant liable for...
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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.