Category: Rent Monies
Published: Thursday, 14 March 2019 21:45
People can be surprised by how the rent under a lease on commercial property can change over time. And to make matters worse - well for a tenant that is - often only going upwards and not downwards.
It’s therefore critical to get to grips with these rent review clauses within any business lease for commercial property. If not, you may well pay the price.
You see, the driving force with more commercial properties is longer term investment value. Having that steady rent over a long period of time, and historically what they call on an ‘upwards only’ basis provides good solid investment value.
Residential property tends to be focused on more turnover of short-term lets at whatever the current rental level is at the time, or selling off with...
Read more ...
Category: People Interests
Published: Thursday, 07 March 2019 21:43
Although you don’t come across this all of the time, when you do it can catch you out when managing properties. And with its usage now increasing, it’s certainly worth understanding the basics of quickly.
It’s all about installing ‘telecoms’ equipment at a property to help our modern age of mobile phones and internet connections. Years ago, it was more large antennas erected on the roof of tall buildings, to help external providers like your phone company to have connection across an area.
So, 1982 saw the introduction of 1G technology, 1992 for 2G, 2001 for 3G, and 2012 for 4G, and 5G is planned for the early 2020s, and when we look back to, say, 2003 under the Universal Service Obligation and minimum dial-up speed for consumers of...
Read more ...
Category: People Interests
Published: Saturday, 02 March 2019 21:39
Those who deal with residential properties with long lease hold interests may well have heard of the famous ‘section 20’ notices which can get served when there are some hefty project works and costs on the horizon.
They stem from the Landlord & Tenant Act 1985 and are a neat way to calm down an ultimate freeholder, landlord, or management company getting carried away with repairs and projects works to the communal areas of a property and expecting each leaseholder-tenant to pay this through the service charge.
So maybe a fancy new redecoration job, or entering a large regular cleaning contract.
In short, this obliges the ultimate interest to send a series of legal notices to each long leaseholder - not only forewarning them of this...
Read more ...
Here are various blog resources related to the rent that is paid at properties, 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, for example service charges, fees, and other costs and 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. 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.
Here are various blog resources related to all the different property interests, from landlords & tenants, to investors & occupiers, to all other third-party interests. These cover general factors to consider for a particular interest, to more detailed issues to resolve for a particular course of action.
Sales & Lettings
Here are various blog resources related to the sales & lettings of a property, and all related transactions. 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. 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. 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. 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. 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. 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.