Commercial

Can a landlord get a rate cut if property is not fit to rent out?

Land

If a landlord doesn’t want to carry out repairs on a commercial property unless he has a tenant waiting to move in, is he entitled to have the rateable value reduced?

A recent case saw landlord Christopher Shaw appeal after a valuation tribunal refused to reduce the rateable value of one of his business units.

Mr Shaw had managed a business park since purchasing it in 1986. A large building in the park had been rented by a metalwork company until it went into administration.

Essential Commercial Contracts Every Start Up Business Needs

So, after months of planning, researching the market and potential clients, you’ve established your brand name, your business doors are now open and you are ready to supply your goods and services to the world.

The main thought on your mind is probably how long before you make a profit and, I would guess, that the last thing would be considering the commercial contracts that need to be put in place.

However, if you want to protect your business investment, then having the right agreements in place early on is crucial.

The correct contracts will enable you to: