How and why landlords might want to move a tenant out their property

How and why landlords might want to move a tenant out their property

 

As a commercial landlord, there will inevitably come a time when you need or want to move a tenant out of your property. We look at some of the most common reasons why this situation arises and how to go about achieving it.

The Landlord and Tenant Act 1954

If the commercial lease your tenant has signed is inside the Landlord and Tenant Act 1954 (the 54 Act), it offers a measure of protection to them. It includes the right to take up a new tenancy at the end of their lease, providing there are not statutory grounds for possession by the landlord. That is to say, that the tenant has fulfilled all his or her obligations within the law and the lease.

If you wish to remove a tenant from your commercial building, you must serve them statutory notice and provide a termination date which must be no less than six months and no more than 12 months from the date of the notice. In these circumstances, a statutory ground for possession may include your intention to redevelop the property, either by demolition and reconstruction, or to use the premises for your own purposes. Most tenants will accept these circumstances, but if they object, it may be necessary to go to court to convince a judge of your intentions.

However, if your tenant has signed a lease which excludes them from the 54 Act, they have no such protection and repossession of the commercial property is a more straightforward matter.

Other circumstances

Non-payment of rent: This is one of the most common reasons why a landlord would want to move a tenant out of their commercial property. This constitutes a breach in the tenancy agreement and there are ways and means of dealing with it. However, you must seek legal advice as to how to proceed, and follow specific steps to avoid costly litigation.

Non-compliance of lease obligations: This can include a number of issues, including things such as abandonment, not keeping the premises in good repair and/or allowing it to fall into disrepair, causing a nuisance to the neighbours (whether through noise, pollution or anti-social behaviour which may include employees parking without due consideration), subletting without your permission, or if the tenant has used the property for illegal purposes.

You should be aware, however, that if you wish to forfeit the lease and remove your tenant, it must contain a clause which allows you to do so. This highlights the importance of having a lease drawn up by a commercial property specialist who has experience of the types of problems which commercial landlords encounter on a regular basis.

If you need advice or information on any aspect of removing a commercial tenant, talk to a member of our team. We can advise you on how to proceed legally, safely and with the minimum of disruption to your commercial interests.

 

Written by: Steven Jones on Tuesday 28/02/2017

 

How to avoid a large dilapidations bill when vacating a commercial property

How to avoid a large dilapidations bill when vacating a commercial property

 

One of the most contentious points of vacating a commercial property can be the dilapidations bill which the tenant faces at the end of the lease. We take a look at some simple measures you can take to ensure you don’t get stung when you leave.

Before

The answer lies in planning ahead. Even before you have signed the lease you should be examining its dilapidation clauses to understand exactly what you will be responsible for at the end of it. A qualified chartered surveyor will be able to explain in detail what the clauses entail and how you can limit your potential liability and prevent a worst case scenario. This is particularly important if the building you are about to occupy is already in need of repair and may require significant investment from you to bring it up-to-date or to convert it to your own purposes.

To avoid a substantial dilapidations bill at the end of your tenancy, many chartered surveyors advise that you draw up a Schedule of Condition (SOC) before signing a lease. This will record exactly what condition the property was in before you occupied it, backed up with photographic and written proof. If the landlord agrees with appending this to the lease he or she is then implicitly accepting that the property will be returned to that state after the lease has finished.

During

You should budget for any potential dilapidation costs during your tenancy to ensure that, if the worst comes to the worst, you are able to pay for the repairs your landlord requires. Experts recommend that you set aside at least £15 – £20 per square foot of the rental property, or a year’s rent. The implications for not budgeting mean that if you are faced with a large repair bill and cannot pay it, you may be unable to break the lease and face not only legal expenses but also continued outlay for rent. On the plus side, repair costs are an expense which can be included in your profit and loss calculation, and therefore they can be written off against tax.

Be aware that a landlord can also impose an Interim Schedule of Dilapidations clause into the lease which he or she can serve at any time during your tenure.

After

About six months before your lease is due to finish, your landlord will issue you with a Schedule of Dilapidations, detailing the work he or she requires you to complete before the lease is up. This usually means that you will be asked to reinstate any alterations you have made, make any repairs which are necessary and restore the property to ‘good order’. If the landlord feels that you have not completed your obligations he or she may issue a Quantified Demand, which is a claim for damages.

In many instances, the case does not go to court, as your surveyors and your landlord’s surveyors can go through a process of negotiation to arrive at a settlement figure acceptable to both parties. However, if you and your landlord are then unable to agree, you could face potential litigation, although a process of Alternative Dispute Resolution (ADR) is recommended within what’s called the Dilapidations Protocol before reaching that stage.

Our team of highly-qualified and -experienced chartered surveyors can offer both tenants and landlords advice and guidance about every aspect of drawing up a lease with specific regard to dilapidations, as well as putting together a Schedule of Condition, to avoid contentious and costly law suits at the end of a tenancy. If you need more information, please talk to a member of our team.

 

Written by: Ian Harrington on Wednesday 01/02/2017

 

How drones are used in the commercial property sector

How drones are used in the commercial property sector

 

More widely known for their use in delivering parcels or conducting aerial surveillance, drones, or small, unmanned aerial vehicles, have the potential to benefit those involved in commercial property. We find out how.

3-D mapping

Even before the construction process starts, new builds need a comprehensive understanding of the lie of the land. Drones fitted with high-resolution digital cameras can feed back information to the ground to provide 3-D maps of the site in order to provide the information a developer needs.

Once construction has started, drones can again provide a useful resource to architects by capturing an aerial view of a construction site which can then form the basis of any 3-D rendering which they might want to use in marketing material. In a refurbishment project, images obtained by drones can then be ‘modelled’ and used as part of any planning applications which are necessary, to give a powerful and realistic visual representation of what the finished project will look like.

Also consider the marketing potential of a HD video of the outside of the finished construction, shot by a drone in a cinematic style, to add impact to a website or draw visitors via a Twitter feed.

Construction monitoring

During the construction phase, constant monitoring is vital. Drones can act as an ‘eye in the sky’ to ensure progress is satisfactory, that safety standards are being adhered to, and to co-ordinate the deliveries of materials more effectively. In fact, the Sagrada Familia in Barcelona, Spain, which has been under construction since 1882, and is due for completion by 2026, has had drones employed to monitor the progress of the building works in an attempt to speed up the complex construction.

Structural inspections

From checking for roof damage to highlighting areas of structural concern, drones are an effective and safe way to inspect inaccessible areas of a building, without the need for ladders or safety equipment. Drones can even be fitted with specialist cameras which can read thermal output (to ensure insulation is effective and prevent heat loss), or detect metal fatigue which may cause structural damage.

Security

Security on construction sites can be problematical, and it is expensive to maintain 24-hour security staff who are then at risk themselves. Drones, when fitted with night vision cameras, can be a cost-effective alternative, providing a risk-free monitoring service for materials and equipment as well as alerting security staff or police to any intruders.

Technology now provides us with new and powerful methods of simplifying all aspects of commercial property, from construction to repair. If you need advice on building or managing your commercial property interests, talk to a member of our team.

 

Written by: Joseph Fitzsimmons on Tuesday 31/01/2017

 

6 things to be aware of when your commercial lease is coming to an end

6 things to be aware of when your commercial lease is coming to an end

 

When your commercial lease is coming to an end there are certain things that you should be aware of. We take a look at the six most important points:

1) You have the right to renew

Some commercial tenants, such as farm business tenants, those with fixed-term leases of six months’ duration or less, and those who are using the premises without the landlord’s permission, do not have the right to renew their leases. For most other commercial tenants, however, should they wish to do so and with the landlord’s agreement, can renew their leases after the initial term has expired. This right is protected in law under the Landlord and Tenant Act (1954) – it is up to you to check your lease to ensure that your commercial lease has not been excluded from this.

2) Both you and your landlord can end the tenancy early

If your lease has a break clause it is possible that either you or your landlord can end the tenancy early. Other circumstances which might involve ending the lease before it expires include the tenant failing to pay the rent, or if they are able to transfer the lease to another tenant (assigning).

3) Plan well ahead

Most experts recommend that you begin planning for the end of your commercial lease well ahead of time – in some cases, they suggest at least 12 months, with some suggesting two years. This is to ensure that both you and your landlord understand the situation and can make contingency plans for the future. It is also to ensure that you give your landlord the required legal notice of either vacating the property (at least three months’ notice) or renewing your lease (between 6 and 12 months’ notice)

4) You can negotiate the amount of rent you pay for a new lease

If market rates are dropping in your area, it may be advantageous to you to negotiate your new lease in line with open market rents.

5) Consider your repair obligations

If you sign your lease at the beginning of your tenancy and it has a ‘Full Repairing and Insurance’ (FRI) clause, it is your responsibility to ensure that, at the end of your lease, the premises is returned to your landlord in ‘good condition’. Your landlord may serve you with a Schedule of Dilapidations, outlining what work you need to complete to return the building to this state; this will be at your own cost. It is, therefore, important to prepare a Schedule of Condition (SoC) at the beginning of your lease, to help verify what work needs to be done at the end of your tenancy.

6) Your deposit should be returned

If you have paid your rent promptly, fulfilled all your repair obligations and do not owe your landlord any other outstanding sums of money, you are legally entitled to ask for your deposit to be returned. Most commercial leases suggest that the landlord can return it in a ‘reasonable manner’, which may be too vague to satisfy some tenants who may need the money for other matters. It’s therefore, important that your lease implicitly states when you can expect to receive your deposit back.

You will have many things on your mind when your commercial lease is coming to an end, and it’s natural that some may slip your mind. It’s important then, that you seek professional help and advice to avoid any legal or financial slip-ups. Here at Eddisons, our team has many years’ experience of dealing with the end of commercial leases, and can offer you guidance on the best way of approaching the situation.

 

Written by: Steven Jones on Thursday 19/01/2017

 

Building Information Modelling (BIM) – the future of intelligent building design?

Building Information Modelling (BIM) – the future of intelligent building design?

 

Building Information Modelling (BIM) is a relatively new buzzword within the construction and building management industry. If you’re a developer or a commercial landlord, it’s time to learn how it can help you incorporate efficiencies and a better understanding of your assets.

What is BIM?

BIM is a digital model of a building integrated with a range of data to allow a greater understanding of its characteristics. It’s a shared repository of information, from inception, through its life-cycle, to its ultimate demolition, which enables stakeholders to take informed decisions effectively and efficiently.

BIM is an important part of the Government Construction Strategy which was announced in 2011, and which now requires all projects to incorporate BIM technologies in order to introduce more effective collaboration. The ultimate aim of this is to reduce capital costs and the carbon footprint of the construction industry as a whole. In fact, since April of this year, BIM has been mandatory within public sector projects.

How does it work?

Many of you will be familiar with the use of 3D computerised models of buildings at the design and planning stage. These ‘digital drawings’ are able to be viewed from any angle, both inside and out, to offer a full, clear representation of what the finished building will look like. BIM takes this concept one step further and uses sophisticated CAD systems to offer information about each and every aspect of the building, from the type of bricks it is constructed with to the specifications of the heating and hot water system and much more besides.

Components as small as screws and as large as the concrete used as foundations can all be analysed and the information shared with other stakeholders, enabling a fuller understanding not only of the building’s visual impact, and its efficiency (both in terms of energy usage and how the space works) but also of any potential cost savings that can be made. In commercial buildings, even the furniture can be included in the BIM specification, to enhance clarity and provide a better understanding of the cost implication of every component.

A simple click on any part of the building reveals the data relating to its properties, which are held on a central database which any member of the team, from contractor to client, can easily access.

BIM is now being adopted in all aspects of the construction industry as a shareable, open source of information on assets, and is already impacting on the supply chain in terms of allowing more open collaboration within the construction industry.

If you’re involved with a commercial building project and would like more information about how BIM can assist you, get in touch with a member of our team. Our RICS-qualified professionals can offer you advice and information about maximising and managing your project and minimising your costs.

 

Written by: Adam Finch on Wednesday 18/01/2017

 

How rural and farming businesses can prevent crime and trespass

How rural and farming businesses can prevent crime and trespass

 

The British countryside can be idyllic and it’s a wonderful place to enjoy fresh air, bracing walks and traditional country pubs. But as we all know, it’s also a working environment and, despite its tranquil appearance, crime does happen there. We take a look at rural crime and how those working in the farming industry can prevent it.

The cost of rural crime

According to the National Rural Crime survey, the cost of crime to rural communities was £42.5 million in the last year alone. The survey also estimates that only 80% of the real cost of these crimes were covered in insurance claims. The range of crimes is extensive and includes the theft of livestock, machinery, vehicle, heating oil, metals, diesel and pesticides, illegal dumping, burglary, wildlife crime, and arson.

If you’re involved in a rural or a farming business, how can you protect yourself and your livelihood?

Deterrents can include a range of physical and visible elements as well as a common-sense approach to prevention:

  • Erect sturdy fences and maintain both them and walls well
  • Have a single point of entry and exit to your property
  • Protect gates with quality padlocks and hinges
  • Install CCTV and put up signs telling would-be thieves that it is installed on the premises
    Install good quality security lights which work in tandem with your CCTV
  • Photograph all equipment and record it in an asset register – be sure to include the serial, chassis and model number. Tools should be marked with your own details
  • Ensure all outbuildings are secure, with solid doors and good quality locks – don’t forget window locks
  • Protect small items such as power tools in a lockable shed or container inside a larger outbuilding
  • Lock any fuel tanks at the cut-off valve point and make sure it’s located where it can’t be seen from the road
  • Always close shed and barn doors when they are not in use
  • Vehicles should be fitted with an immobiliser and a tracking device and never leave the keys in them when they are not in use
  • Remove any unwanted metal from your site immediately – don’t leave it as a target for thieves
  • Ensure livestock are secure by maintaining the perimeter of fields regularly and mark stock by tagging, freeze marking, micro-chipping them, nose printing, hoof marking or dye marking
  • Keep firearms and ammunition under lock and key in accordance with your gun licence

Your local police force will have a rural crime prevention strategy in place with lots of helpful tips and information. However, if you would like an independent survey of your farm or rural business in order to identify potential areas of weakness, contact a member of our team. Our specialists can offer you advice about the best way to prevent crime happening.

 

Written by: Charlotte Peel on Thursday 01/12/2016

 

What is agricultural property relief?

What is agricultural property relief?

 

If you’re involved in farming, you may be aware that you can take advantage of tax relief to avoid some inheritance tax. This is known as Agricultural Property Relief (APR). We take a look at how the system works.

APR

The government’s guidance on APR is that up to 100% tax relief may be applied for on certain agricultural property, either before or after death. Certain caveats apply, of course, such as who is deemed the owner of the land and how long they have owned it, but APR can be a valuable tool in mitigating the expenses of inheriting agricultural property.

What is classed as agricultural property?

According to the government, the following qualifies as agricultural property for the purposes of APR:

  • Land or pasture which is used to grow crops or rear animals in the UK, the Channel Islands, the Isle of Man or in the European Economic Area
  • Equine stud farms
  • Short coppice rotation
  • Land which is not, at present, farmed under a Habitat Scheme (land which is managed to preserve the habitat of wild animals and birds)
  • Land which is not, at present involved in crop rotation
  • The land’s associated milk quota value
  • Certain agricultural shares and securities
  • Farm buildings, cottages and farmhouses

Farm machinery and equipment, buildings which are derelict, crops which have been harvested, livestock and property which is subject to a binding sale contract do NOT qualify for APR.

Timescales

There are also certain timescales associated with APR which must be adhered to in order to qualify. These state that the property must have been owned and used specifically for agricultural purposes for two years by the owner (or their spouse or a company run by them) or seven years if the property was occupied by, for example, a tenant, immediately before its transfer to a beneficiary.

100% or 50%?

The rate at which APR can be claimed varies according to circumstances. Relief of 100% can be claimed if the land owner farmed it themselves; the land was let out on a short-term grazing licence; or if a tenancy was begun on or after 1 September 1995. All other circumstances will qualify for 50% relief.

If you’re involved in agriculture and would like clarity on any aspect of APR, talk to a member of our team. Our professional advisors can offer advice and information about all aspects of inheritance, not just agricultural property relief, which may benefit you or your descendents.

 

Written by: Steven Jones on Monday 28/11/2016

Lifting the lid on the Queen’s £12 billion commercial property portfolio

Lifting the lid on the Queen’s £12 billion commercial property portfolio

 

It’s estimated that Queen Elizabeth II is worth around £340 million. And while it’s well known that she’s the custodian of much of our royal heritage, including Buckingham Palace, Windsor Castle, the Palace of Holyroodhouse and Hillsborough Castle, she has also acquired a substantial commercial property portfolio during her 63 years on the throne. We take a look at what she owns.

The Queen seems to be an astute investor in commercial property and has doubled her portfolio within the last ten years. Her interests, represented by The Crown Estate Company, include, among other things, Windsor Great Park, Regent Street, farmland and most of the seabed around these islands. Let’s take a more detailed look.

In London

Regent Street: One of the prime retail and commercial office areas of London, its occupants include Liberty, Hamley’s, and Apple’s first European flagship store. It was originally designed by John Nash in the 19th century, and Her Majesty owns 1.2 miles of it. When the 100 year leases began to run out in the early part of this century, Crown Estates began an ambitious £1 billion regeneration project. Luxury brand names flocked to the prestigious address and began a process which would turn it into one of the world’s favourite retail destinations. It even has its own app.

St James’: The Queen owns almost half the buildings in the St James’ area, which includes over 4 million sq ft of prime office, retail and residential space, worth over £1 billion. The area, which includes Piccadilly Circus, The Ritz, Trafalgar Circus and St James’ Palace, is currently undergoing a £500 million refurbishment programme. Her portfolio here includes rental properties, from studio apartment to penthouses, in some of London’s premier addresses.

Kensington Palace Gardens & Regent’s Park: Dubbed ‘Millionaire’s Row’ the properties which the Queen owns in Kensington Palace Gardens are classed as some of London’s most prestigious addresses. They include a number of foreign embassies and consulates and are regarded as some of the most beautiful Georgian and Victorian villas in the capital. She also owns around 600 properties in Regent’s Park which are privately leased.

Outside London

Shopping centres: The Queen owns several shopping centres throughout the UK including Fosse Shopping Park, Leicester, Westgate Shopping Centre in Oxford, Silverlink Shopping Park, Newcastle, Princesshay Shopping Centre in Exeter, The Coliseum Shopping Park, Cheshire Oaks, and The Gate in Newcastle.

Industrial: Her Majesty’s regional portfolio also includes industrial warehousing such as White Lodge Business Estate in Norwich, as well as the Magna Park distribution warehouse in Milton Keynes which is currently let to the John Lewis Partnership.

Offshore

The Crown Estate manages the seabed around the UK up to the 12 nautical mile territorial sea limit and therefore holds the rights to develop renewable energy within what’s known as the renewable energy zone (REZ). So far this year, it’s estimated that offshore wind farms have generated 18.6 TWh of electricity, which is 3.1% of the electricity currently generated in the UK. The Queen also has interests in onshore renewables, wave and tidal, carbon capture and storage and natural gas storage.

The Crown Estates estimates that in 2015/16 its net revenue profit was up by 6.7% to £304.1 million and that the Queen’s extensive commercial property portfolio has contributed £2.4 billion to the nation’s coffers over the past ten years.

If you’re interested in expanding your commercial property portfolio, perhaps not to the extent the Queen has achieved, talk to a member of our team. We have experience of sourcing, managing and disposing of a wide range of commercial property opportunities throughout the UK.

 

Written by: Steven Jones on Friday 25/11/2016

 

The risks of asbestos and other hazardous materials in commercial premises, and how to solve them

The risks of asbestos and other hazardous materials in commercial premises, and how to solve them

 

Hazardous materials include solids, liquids and gases which can potentially harm people, animals or the environment. Because of the varied nature of the activities in commercial premises, hazardous materials are common. We take a look at the most dangerous ones and offer advice on how to deal with them.

Asbestos

In her autobiography, the American cook, Julia Childs, notes with delight using a new type of roof tile to cook her baguettes to perfection. Ms Childs soon discovered that these tiles were made of asbestos and subsequently strongly recommended that none of her fans should follow her example. Asbestos was the ‘wonder’ material of the early-to-mid-20th century – flame retardant, easy to work with and cost-effective to produce. Today, its installation is illegal its and removal is tightly controlled because of its severe impact on health.

Asbestos occurs naturally and is a fibrous silicate mineral which has properties of strength, durability and fire-retardance. Before it was banned it was used in many public, private and commercial buildings and, provided it is left undisturbed, usually presents no threat to health. However, it is when asbestos is interfered with and the particles inhaled that problems can occur. These include asbestosis (an inflammatory condition of the lungs), mesothelioma (a rare type of cancer), lung cancer, and other lung problems. It is estimated that asbestos kills around 5,000 people each year, due to past exposure to the product.

If your commercial building was built or refurbished after the year 2000, asbestos should not present a problem. However, if your building is older than that or underwent refurbishment before that date, it is vital that you take note of two pieces of legislation: The Control of Asbestos at Work Regulations (2002) and The Control of Asbestos Regulations (2006). The first of these requires that exposure to asbestos be prevented or minimised as much as possible, requiring risk assessments before any work is undertaken which may expose workers to the substance. The second stipulates that anyone working with asbestos must be appropriately trained.

Lead

On 1 January 2000, lead in petrol was banned in the UK on the grounds that it caused health and behavioural problems in children. The dangers of lead have been known for many years and health problems caused by prolonged absorption of lead can include: headaches, fatigue, abdominal pain, anaemia, memory loss, kidney failure, fertility problems, miscarriage, and permanent damage to vital organs. In extreme cases it can kill.

The most common cause of lead exposure is the removal of old paint, although it can also be through demolition or dismantling processes, smelting, or partaking in lead recovery. If you suspect that your commercial premises contains lead, either in the paintwork, the plumbing or on the roof, you must conduct an assessment in accordance with The Control of Lead at Work (CLAW) Regulations 2002 which is designed to protect employees and occupiers.

Other hazardous substances

The Control of Substances Hazardous to Health (Amendment) Regulations (COSHH) 2004 define substances into Irritant, Harmful, Corrosive, Toxic or Very Toxic and outline regulations regarding their safe use. They offer guidance around risk assessment, good practice, training and emergency procedures. More details can be found on the website of the Health & Safety Executive. It is important that both commercial tenants and landlords familiarise themselves with the legislation to prevent injury, exposure or potential fatalities.

For more information about minimising the risks of asbestos and other hazardous materials in commercial premises, contact a member of our team. We can offer advice and guidance about current legislation, whether you’re a landlord or a tenant.

 

Written by: Ian Harrington on Wednesday 09/11/2016

 

What are commercial service charges and estimated costs?

What are commercial service charges and estimated costs?

 

Commercial service charges are paid by tenants to landlords for the upkeep of the property they let. While they can sometimes be a controversial subject, they are a necessary part of the landlord/tenant relationship. We take a look at what commercial service charges entail, as well as how their cost can be anticipated by circumspect tenants.

What is included?

Service charges cover both amenities and services provided by the landlord on behalf of the tenant. These may include:

  • Maintenance of the building
  • Repairs, from minor to major structural issues
  • Cleaning
  • Lighting
  • Heating and air conditioning
  • Refuse collection
  • Security
  • Staff costs to undertake the necessary work
  • Property management fees
  • Insurance
  • A sinking fund which may be needed to replace facilities or to maintain common areas

Tenants of multi-occupancy commercial buildings, such as shopping malls, office developments, industrial estates and purpose-built business parks will often have a service charge clause written into their lease. This is to ensure that on-going maintenance and repairs take place when they are needed and that the money is available to pay for them. It also guarantees that the landlord will not be out of pocket when such eventualities arise.

Lease negotiations

A list of precisely which services are chargeable to tenants should be outlined in the lease. The Royal Institution of Chartered Surveyors (RICS) outline best practice for landlords when drawing up a lease to ensure it is compliant with RICS’ 2006 Code of Practice on Service Charges in Commercial Property. RICS recommends that landlords should provide potential tenants with explicit ‘best estimates’ of costs which may be incurred during the lifetime of the lease, how they arrive at the figures and whether the costs include long-term capital expenditure.

Tenants also need to establish the proportion of service charges which they will face if the property is not fully-occupied. A ‘fair’ proportion should be based on the square footage of their particular unit in comparison to other similar units in the property. They may also consider negotiating a Charge Cap which sets a limit on any payments which they might be required to make.

Estimated costs

Landlords should provide their established tenants with an annual schedule of estimated costs for the forthcoming year, usually before the new financial year starts. They can then collect payments in quarterly instalments.

The Landlord should have his or her service charge expenditure audited and that information passed onto their tenants. Any shortfall must be made up and any surplus can either be credited towards the coming year’s charge, or refunded.

Disputes

Disputes between landlords and tenants over service charges are common and notoriously difficult to resolve. It is for this reason that lease negotiations must be fair and reasonable, and that landlords must adhere to the RICS Code of Practice. The advice of a RICS-qualified surveyor should, therefore, be sought by both parties to ensure that both are satisfied with the outcome of the agreement.

If you need professional advice regarding service charges, whether you’re a landlord or a tenant, contact a member of our team. Our RICS-qualified surveyors can offer you guidance on all aspects of lease negotiation, including ensuring that service charges meet everyone’s expectations.

 

Written by: Paul Gagan on Friday 11/11/2016