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 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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Rent Reviews for Commercial Properties in Seven Simple Steps

rent review commercial property management guidePeople 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...

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Rent Quarter Days Explained - Payments, Leases Advance, & Calculations

quarter days property management guidecovid19 content blue property management guideWhen dealing with leases for commercial properties in England and the UK, you often see rent being paid quarterly in advance - a big change to say a monthly payment basis.

Not only can this be confusing in the way that you calculate or apportion these monies, you can also be dealing with much larger sums of rent or other say service charge monies due for the next three months.  

So for example, the total money due in a year may be easily understood – for example £12,000 each year. But then the lease may go onto how, or more importantly when, this is paid - often on ‘quarter days’.

checklist small property management guide CLICK HERE to immediately download a Fact Sheet document answering the 5 key questions about the rent quarter day basis for commercial...

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