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Category Archives for Commercial Property

New Code of Practice for commercial property relationships during the COVID-19 pandemic

Over the last 3 months we at Parfitt Cresswell have been advising landlords and tenants on the different ways in which they can help each other deal with the shocks caused by the pandemic. Our advice has

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Parfitt Cresswell Monthly Commercial Property Bulletin 1

With the June quarter day approaching this month both landlords and tenants of commercial premises will no doubt be concerned as to whether the rents due under their lease will or can be paid. This is

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The Impact of Covid-19 upon commercial leases

The impact of Covid-19 on commercial leases will present challenges for landlords and tenants alike, the big issues being the ongoing payment of rent and provision of services.Landlords and tenants should

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OPTION AGREEMENTS – Good for the landowner

Option agreements are a two-edged sword that can be advantageous to either party.  They are usually made between a landowner and a developer and allow the developer to try to secure planning consent for

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COMMERCIAL PROPERTY – HOW TO PREPARE YOURS FOR A SALE

There are many things to consider and get in order for selling your commercial property.  This can be overwhelming.  Although with some careful planning and preparation you can ensure that the sale is

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Buying and selling business property

If you are in the process of buying or selling a commercial property its important to first consider the many issues that can arise. At Parfitt Cresswell we can make sure you make the right decision from

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Business leases and licences

When deciding to use or agree to lease or a licence it is important to recognise the crucial differences between the two. At Parfitt Cresswell we can advise you on the necessary information you need to

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Service Charges – Landlord Pays Dearly for Failing to Read the Lease

When it comes to issuing service charge demands, landlords must stick to the letter of leases or risk recovering nothing at all – even if that results in tenants receiving an unwarranted windfall. The

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How Much Is a Freehold Interest Worth? Court of Appeal Clarifies the Law

Where a tenant exercises its right to buy a freehold, the sum payable is calculated on the basis of the property’s open market value, subject to the existence of the tenancy. But what happens if the

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Commercial Landlord Punished for Failing to Arrange Building Insurance

Commercial landlords usually bear the burden of arranging building insurance and any failure to do so can expose all concerned to the risk of catastrophic loss. In one case, a landlord who failed in that

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