Business
Latest Business News
-
Chancellor delays consultation on date of RPI reform until 11 March 2020
On 13 January 2020, the Chancellor of the Exchequer, Sajid Javid, wrote to the Chair of the House of Lords Economic Affairs Committee, announcing that the joint consultation between the government and UK Statistics Authority (UKSA) on the latter’s proposed change to the Retail Prices Index (RPI) will be launched on the same day as the 2020 Budget,.
-
RICS Publishes New Guidance Note on Technical Due Diligence of Commercial Property
On 13 January 2020, the Royal Institution of Chartered Surveyors (RICS) published a new guidance note: “technical due diligence of commercial property (first edition).” This guidance is designed to apply globally and will replace the current, separate guidance notes for England and Wales, Australia, New Zealand and Continental Europe. It will take effect on 1 April 2020.
-
Selling Your Business – How To Avoid Getting Stung
When selling a business there is often a worry that even after the deal has been finalised the outgoing owner can still find people metaphorically knocking at their door for problems that initiated during their ownership. There are three main stages where the seller can reduce the risk of this happening.
-
After The Tenant Has Gone!
As a landlord and the owner of commercial property you may have different emotions when a lease comes to an end and you finally have possession back of the premises. But what else should you consider?
-
What is a Full Repairing Lease?
A full repairing and insuring lease (“FRI Lease”) is a lease in which the tenant takes on all of the costs for repairs and insurance for the property being leased from the landlord.
-
Seeing Red with Commercial Property Boundaries?
Red tape, red pens, and red sealing wax have all been used to signify something important, a correction or authenticity. Commercial Property owners would therefore assume that the red lines on the title plans mark the exact line of the property boundary. However, this is a common misconception and the red lines cannot be relied on as the exact location of the demise of a commercial property.
-
Government announces the abolition of Section 21 Notices
The Queen’s Speech on 19th December 2019 saw the announcement by the Government of the Renters’ Reform Bill which will abolish the use of “no fault” Section 21 Notices served under the Housing Act 1988.
-
Would Your Business Survive Without You Making the Decisions?
Mental incapacity can strike at any time, temporarily or permanently, through Illness or an accident. What would happen to your business? Who would carry on your duties and maintain an income for yourself and your family if you couldn’t?
-
Times Change – Can Leases Flex To Reflect Current Market Conditions
There are many leases that last a long time – possibly 100 years or more, and landlords usually impose an obligation on a tenant to only use the property in certain specified ways. However, a use imposed at the start of the lease may not be appropriate years later.
-
Severing Restrictive Covenants in Employment Contracts
Restrictive covenants, a clause in a contract that restricts an employee from certain activities once they leave an employer, have been used extensively in employment contracts.
