The UK’s office space in decline
During the Covid-19 pandemic, flexible working became an everyday part of life for many. The ambiguity surrounding office use is evidently present in our own home city of Leeds, as it only takes one to stroll through the modern office buildings of Wellington Place, where you are now able to hear a pin drop due […]
Read moreCommercial landlords and tenants: lease renewals
As lockdown restrictions are slowly eased, and businesses start to re-open, landlords and tenants will start to discuss lease renewals. Protected v Unprotected Leases Protected leases grant tenants the benefit of what is called ‘security of tenure’ under the Landlord and Tenant Act 1954 (the Act), allowing them the statutory right to remain in occupation […]
Read moreCommercial Property Leases: 4 Key Tenant Considerations
Due to the high expense and upfront capital investment required to purchase a commercial property, many businesses prefer instead to become a Tenant under a Commercial Lease. A Commercial Lease records the relationship between the property owner (the Landlord) and the occupier (the Tenant) and sets out the terms on which the Tenant may occupy […]
Read moreBuy-to-Let Properties: The New ‘Affordability Rules’
If you are a buy-to-let landlord, and you thought the 3% Stamp Duty Surcharge had impacted your ability to purchase further properties, have you considered how the new ‘Affordability Rules’ will affect you? On 30 September 2017 new rules came into force for all landlords owning four or more properties with the aim of putting […]
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