Predicting The Future

Is your inbox flooded with predictions?  A new year always seems to bring out the forecaster in people, but really, who knows what’s going to happen?

Now I’m no fortune teller or forecaster, but I do know what could happen with your commercial property if you don’t get the right advice.

How?  Because I’ve seen it all before; the shop owner who feels they have no option but to accept a rent increase, or the landlord who can’t claim back repair costs because the service charge clause doesn’t allow it.  Will you be the tenant who gets to the end of your lease not realising you are responsible for extensive repairs to the building, and have to foot the bill for thousands of pounds?


Do you want to be that person?  Maybe stuck in a lease you want to get out of, or paying over the odds on the rent because you don’t know how to use the evidence to your advantage?  Don’t be the landlord with unhappy tenants because your property isn’t managed effectively.

Make 2018 the year that you realise you can get more out of your commercial property, with professional advice that will save you time, money and make sure you are leglly compliant.  What's not to like about that kind of future?  

To find out more about a better future for your business, contact us through the crystal ball.

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Minimum Energy Efficiency Standards and Why You Need To Care

 

It's not just about saving energy

It might sound innocuous, but from 1st April 2018 it will be unlawful to grant new leases or renew existing ones of residential or commercial property with an EPC rating of less than E unless it is registered as an exemption.

From April 2023 it will apply to all existing commercial leases.

If the property is not brought up to a sufficient rating by the landlord carrying out works, they will face a minimum penalty of £5,000, and a maximum of £150,000.

Bear in mind this will also apply to any tenants wanting to sublet their lease when their circumstances change.

This could have a significant impact on rent negotiations, not only for new leases, but also tenants coming up to break clauses or lease renewal.  They may be occupying a property that is an F or G rating, and use that to their advantage in negotiations.
 

OF ALL REGISTERED EPC'S, APPROXIMATELY 30% ARE AN F OR G RATING 

If you are not up to speed with the regulations, whether as a landlord or tenant, and need some help to work out your strategy, please contact us.

 

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5th Birthday celebrations
Happy Birthday to us!

We're so happy to have reached our 5th birthday this month.  We have come so far since our beginning, starting working from home but then moving into shared offices with a fantastic group of people.  It has been an amazing journey helping businesses mainly in Hitchin and North Herts, but as far afield as Jersey and Yorkshire, and we want to say thank you to everyone that has supported us so far.

Here's to the next 5 years!


 
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Why I Decided to Become a Lionheart Ambassador
Kirsty Harvey, founder of KTD Surveying has been appointed as a Lionheart ambassador to help promote positive mental health in the surveying profession. Having struggled with my own mental health over the course of my career, I felt it was important to speak out in order to help others know that they are not on their own.

​This initative is so important - to raise awareness of how mental health issues can strike anyone, often hidden by the person suffering as they worry about being judged.  It shouldn't be like that; our mental health should be treated in the same way as our physical health.

https://www.lionheart.org.uk/ambassadors

 
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How To Reduce Business Rates
If your rateable value is below £12,000 per annum, and you only have one property, you won't pay any business rates.  HOWEVER, you do need to apply for Small Business Rates Relief  as it is not given automatically, so make sure you have filled that in.  There are also discounts available via tapered relief up to £15,000 per annum, but again, you need to apply.

​Getting this relief could make a big difference to your costs and it's a simple form to fill in.

To find out more contact your local council or read the detail here.  
 

 
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Your Pop-Up - A New Way of Retailing

KTD Surveying are delighted to be featured in The Comet on 27th November 2014 in conjunction with Ruby Sky Events following the successful opening of "Your Pop-Up".

 
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