As the economic impact of the pandemic grows, many commercial landlords are struggling to collect rent and enforce their business tenants’ other lease obligations. While the Government has acted to protect business occupiers by restricting landlords’ rights to take enforcement action, this has left some landlords struggling to meet their own financial obligations and keep …
In areas of new residential development, how can existing businesses ensure that they are not adversely affected? Whilst most businesses would welcome the introduction of more local potential customers, there is often a concern that new housing may bring complaints from new residents about noise levels, and that local Councils might take action based on …
WATTS HAPPENING? The rules are changing, and Parnalls’ Ryan Lemon and Iain Robinson are amped to tell you more. The burden on residential landlords increased at the start of July; a 5-yearly electrical test is now mandatory* before a landlord can grant most new tenancies. This includes most farm tenancies and licenses as well as …
Parnalls’ property lawyer Iain Robinson has identified some of the obvious and less obvious effects of the changes to Stamp Duty Land Tax unveiled yesterday by the Chancellor: Residential property under £500k is now SDLT-free, except for second home-owners and landlords. An SDLT cut usually pushes prices up: a lower tax bill means buyers can …
When searching for a new home, there are many factors that buyers consider, such as transport links and schools. One factor that some buyers may also now consider is air quality, particularly during the current pandemic where most are making their health a priority and many are flocking to the countryside for ‘clean air’. Scientists …
As we adapt to the changes that the coronavirus (COVID-19) is forcing on every aspect of life, we have compiled some FAQs on issues that may arise for our clients who are commercial property landlords and tenants. This is a rapidly changing situation and many of these problems are completely new. Each situation will depend …
COVID-19 has had a profound (but hopefully not long-lasting) impact on both our business and personal lives. Due to the restrictions placed on movement and unnecessary travel, many businesses are facing lower footfall/demand and therefore reduced income which is seeing some businesses temporarily close. Similarly, with workers either having no income or being on reduced …
As more aspects of business move online, there is a drive to do everything digitally. The process of buying and selling property has always relied heavily on paper, but there has been huge change over the last decade and more can now be done online. Commercial property investors want to take advantage of this, but …
Communications network providers need rights to put their equipment on private land and the advent of 5G makes this need more pressing. A new Electronic Communications Code came into force at the end of 2017, and this has shifted the balance in favour of communications operators. ‘Allowing mobile phone equipment onto your building can be …
Pubs are closing all too often nowadays and while this is a sad sight, it means there may be opportunities to find a new use for one as a commercial development project. If an empty pub is well-located, it could make an ideal setting for a new business, such as a care home, convenience store, …
