Rent Monies

blog yellow circle pmgHere 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. 

 

The ‘Handy’ Way to Pursue Commercial Property Tenant Arrears

commercial tenant arrears property management guideAs a landlord looking to make sure the rent and other monies are paid okay by tenants, it can soon become a nightmare when things don’t go to plan.
Suddenly it starts escalating and promised late-payments never materialise, leading to ever-increasing arrears. Then there’s talk of expensive legal action to try and resolve.

But for commercial property there is some good news – you generally have more options and flexibility as a landlord to deal with things.

Therefore, with this focus in mind, here are five core options that are available to deal with commercial tenant arrears. They’re helping to think bigger-picture and strategy wise in order to see what action can then be concluded in whatever situation you’re in.

And to make these easy...

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The Bigger-Picture Basics of Company Voluntary Arrangements (CVAs) For Property Interests

company voluntary agreement cva property management guideThis has not only hit the headlines of the property press and publications, but also at national and public level. The reality of large retailers like Debenhams and House of Fraser potentially going under has hit home hard.

It’s actually brought the reality of property and landlords more to light. Most people will assume that such occupiers own their property rather than have to let it from a commercial landlord, never mind realise the large rental figures at hand.

Quite rightly this is all coming to light for people to realise. However, it can come across as confusing and scary if people think this is now going to automatically affect everyone to some degree.

The Four CVA Basics

Hence, here is our resource on these ‘CVA’ agreements...

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The Three ‘A’s to Agreeing ‘Interim Rent’ for Commercial Property Lease Renewals Under the 1954 Act

interim rent commercial landlord tenant act 1954 property management guideThis is a very specialist area that you don’t always come across in reality, but when you do then it’s helpful to know what it’s all about.

Whilst you’ll certainly require legal advice on how this is actioned and a surveyor valuer to decide the amount, it’s important to get the gist of what it all means in order to clearly understand what the right solution is.

In short, this is an adjustment rent that a tenant will pay between leases at a property. This is only for business tenants where the Landlord and Tenant Act 1954 applies, which is the law that provides them a right to a new lease rather than the landlord being able to kick them out (or at least paying them compensation in some cases where they can legitimately do...

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