Commercial property e-news
Contracts for the sale and purchase of land are founded on the legal principle of Caveat Emptor (let the Buyer beware). This is commonly understood to mean that it is the Buyer’s responsibility to investigate title to the property which it is proposing to purchase.
CIL is a charge on new buildings above a certain size and was designed to help fund local and sub-regional infrastructure. Since regulations which simplified CIL came into force in 2011, implementation by local authorities has increased and developers will come across CIL more and more.
Commercial Property solicitor Richard Clithero looks at a trend occurring in the current
commercial property market.
On the 4th of January 2011 the standard rate of VAT will increase from 17.5% to 20%. Napthens' tax expert Stephen Betts looks at the potential impact this may have on commercial leases.
Simon England looks at the impact that the anti-competitive ruling may have on your property
Commercial Property solicitor Phil Wright looks at business rates on empty properties, including who is responsible for the rates, which properties are exempt and ways of minimising rates liability on empty properties.
If you are a landlord or a tenant you should be aware that there are certain things you must do in order to legitimately bring your business tenancy to an end.