Building Cost Reinstatement Assessments

Have you had your properties valued for insurance purposes within the last 3-4 years?   If the answer is no, then you may well be under-insured and open to unnecessary business risk. We have been asked to assist on a couple of buildings recently where the clients had not undertaken a valuation for 7+ years…

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New Permitted Development Rights Introduced

The Government has issued amendments to the General Permitted Development Order (GPDO), the Statutory Instrument that allows certain works and operations to be carried out without the need for obtaining planning permission. These changes came into effect on the 25th May 2019 and will mainly impact developments for house extensions and changes of use. To…

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Residential lease extensions – Falling between the cracks

Owners of long leasehold interests in residential property have a legal right to extend their lease under the Leasehold Reform, Housing and Urban Development Act 1993 in respect of flats, or the Leasehold Reform Act 1967 in respect of houses. The former is the most common in light of leasehold being the preferred legal medium…

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Rates – A Hot Potato?

Bucking the trend of several decades of being below the radar, business rates has emerged as a political football in recent years with some particularly vociferous lobby groups taking the opportunity to bounce it further and further up the political agenda, and justifiably so. With a marginal tax rate approaching 50%, business rates in the…

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Dilapidations – Understanding a Confusing and Difficult Process

The law of dilapidations has long been misunderstood by landlords and tenants alike. Dilapidations and the associated statute and case law can be complex and therefore seeking expert guidance is essential and could save you significant amounts of time and money as either a landlord or tenant. Although the negotiations at lease end are important,…

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Property Management – The Key to Unlocking Asset Potential

We all hear and have read in the news about the rapidly changing commercial property industry in the last 18 months. There is now increased pressure on business tenants to ensure they can be sustainable, by meeting the needs of their customers, as well as ensuring they can pay their rent and comply with the…

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MEES – Unintended Consequences

As dawn has now broken on a new age of property legislation and energy efficiency in the form of the MEES Regulations (Minimum Energy Efficiency Standards) we have awoken to the issue which is created by the high proportion of commercial properties which are mid-way through a lease term with an energy efficiency rating of…

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Watts?- The Problem!

From 1 April 2018, it will be a legal requirement for new lettings, leases subject to renewal or lease extensions in the private rented sector to have a minimum Energy Performance Rating (EPC) of E or above. As such, newly let properties or lease renewals and extensions after this date that have an EPC Rating…

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Chancellor offers lifeline to ratepayers

Chancellor Phillip Hammond has delivered his first Spring Statement, and befitting the recent thaw in the icy weather conditions, he has, as did his predecessor Nigel Lawson in 1991, predicted the first green shoots of recovery in the public finances, with the deficit now essentially all but eliminated. Hammond also announced that the Rates Revaluation,…

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REVALUATION AND OVERHAUL OF BUSINESS RATES SYSTEM

The biggest change in the Business Rates System since 1990 is about to take place. With effect from 1 April 2017 every non-domestic property in Northamptonshire will receive a new Rateable Value on which Business Rates will be assessed for the following 5 years. There are some notable increases in Rateable Value. For example the…

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