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COVID-19 and the recovery of commercial rent arrears

COVID-19 and the recovery of commercial rent arrears Commercial landlords have been significantly impacted during COVID-19 due to various legislative changes preventing any meaningful enforcement of commercial rent arrears. As lockdown...

Commercial Rent (Coronavirus) Bill

Commercial Rent (Coronavirus) Bill - what we know so far In response to the devastating impact of COVID-19 on many UK businesses and their inability to pay rent, the UK Government is set to introduce a binding arbitration scheme to deal...

Construction Industry VAT Changes Ahead

Businesses in the construction industry are reminded that on 1 October 2020 the new VAT domestic reverse charge will come into force. This is being introduced as an anti-fraud measure and will see a major change in accounting for VAT on some construction...

Who Pays the Rates?

When a company that is the tenant of a property goes into liquidation, it is normal for the liquidator to disclaim the lease on the premises. Business rates must be paid by the 'person entitled to possession of the property' ( Local Government Finance Act...

Tenancy Deposit Protection Schemes - Rules

If you are a landlord it is vital that you are aware of the requirement that all deposits taken by landlords and letting agents for Assured Shorthold Tenancies (AST) in England and Wales must be protected by a tenancy deposit protection scheme. There are...

Tips for Business Borrowers

With the economy improving, businesses will be thinking about financing the expected expansion of trade. Borrowing cost often dominates the thinking, but it isn’t all about the cost of the loan. In order to negotiate the right deal, here are some tips...