Since April 2008, when full business rates relief was removed for most vacant commercial properties, empty property rates have become a significant financial pressure for many property landlords.
The liability in respect of vacant premises is an avoidable burden. Our empty property rates mitigation solutions allow property owners to completely avoid all liability for this unfair tax on negative income.
Our solutions involve the introduction of a guaranteed minimum disturbance tenant to the property who is entitled to rates relief or exemption.
The tenancies are flexible and can be terminated at just 14 days notice. The tenant does not occupy the premises constantly and as such they are less intrusive.
At all times the property can remain on the market for sale or to let. Any viewings can be conducted as usual by the property agent.
Our team have many years of experience within the business rates sector and have a proven track record of minimising the liability for empty property rates.
Please see statement from Mr Richard Crossman – former Minister for Housing and Local Government – on page 22 of the link below:
Volume 461, debated on Thursday 7th June 2007
Please see the comments, opinions and objections of Mr Michael Gove throughout the link below:
Received Royal Assent on 19th July 2007
See the Rating (Empty Properties) Act 2007 via the link below.
