This month’s Commercial Property update explains what a side letter is and the circumstances in which a side letter may be used. What is a side letter? A side letter is a document that is ancillary to another contract. The key question whenever the content or effect of a side Read more…
The Department for Communities and Local Government has introduced a new empty property rate relief scheme for newly built commercial property. Relief will be available for new properties completed after 1 October 2013 and before 30 September 2016 that are unoccupied for the first 18 months after completion of their Read more…
This month’s update sets out the exemptions from business rates for non-domestic properties. Retail property Retail properties enjoy 100% relief for a continuous period of three months only. Changes of ownership during the three-month period do not trigger a fresh three-month exemption. The exemption applies to the property, not the Read more…