In commercial leasing, rent review clauses can make or break a good outcome for both a tenant and landlord. The rent review clause is a provision which provides the landlord with an opportunity to review the amount of rent payable by the tenant during the term of the lease. This is important as it allows the landlord to alter the rent to reflect th...
Purchasing commercial property at auction (as opposed to the open market) can seem like an enticing opportunity and an effective way to secure a good deal, fast. With this acknowledged, auction purchases do not come without their risks, and it is vital for any purchaser to have a solid understanding of the potential pitfalls before proceeding with ...
Business rates – or non-domestic rates as they are also known – are a tax levied on shops, bars, restaurants, offices and other commercial properties to pay towards Local Council services such as education, social care and waste management, to name a few. Liability for such ‘rates’ initially rests with the property owner, however it is usually passed on to the tenant under a commercial lease.
