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. 

 

Vivienne Westwood Not getting Stung by Rent Increases

vivienne westwood rent increase property management guideWhen businesses rent commercial property, you’re involving big rental figures, probably one of the largest overheads the business will incur. Not only is this wasted wherein the business does not own the appreciating asset, but it’s common place to have rent reviews where the rent can go further upwards. 
 
These can be a killer in a down market like the last decade, where natural market rents drop but the remaining rent has to stay the same minimum level until it can go up in the future. Realistically tenants will struggle to pay, and landlords may wish to step in and offer reductions or changes to help keep some rental income coming in.
 
However, landlords and tenants need to tread carefully in first agreeing and then...

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Retail Zoning, ITZA & Zone A Rate & Property Rents - Meaning & Application

itza zoning zone a principles property management guidecovid19 content blue property management guideWhen you calculate the rental value of a retail property you tend to use a specific form of measurement called ‘Zoning’, which uses an 'ITZA' rate in order to formally acknowledge the unique way in which a retail property’s shop floor works for a retailer. 
 
 
Before we go into what this actually means, here is a quick video summary of what's included (with slides available here).  
 

Start With the Actual Area 

It originated in the 1950s, and a now a mainstream reference used by property surveyors when talking about how valuable a retail shop is and what rent a tenant should pay...

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Commercial Rent Arrears Recovery (CRAR), the Low Down

crar commercial rent arrears recovery property management guideThe current CRAR (Commercial Rent Arrears Recovery) system came into force in 2014 as a way to collect rent arrears from commercial property tenants, taking over from the previous principle of distain.

Previously a landlord was able to ‘send in the bailiff’ who could then begin noting actual items of the tenant to seize and sell in order to pay the arrears. This was a very crude way of collecting arrears, and although under CRAR there is this still this principle of a commercial landlord being able to seize and sell a tenant’s own items to pay the debt, there are now procedures and time frames involved in order to ensure it isn’t misused.

In terms of understanding how this works out in reality, here are the 10 most important issues...

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