Insights

With nearly 300 nightclubs closed, Neil Burridge explains why landlords and tenants should seek dilapidations advice.

Recently, we received a number of instructions to explore and negotiate an early surrender of various commercial leases.

Dilapidations negotiations are typically led by building surveyors. They prepare the claim for landlords and defend against claims for tenants. This is because dilapidations claims cover damages for not carrying out repairs, redecoration, and reinstatement of alterations. 

Acting on behalf of Countrywide Estate Agents, we successfully acquired their new premises at Cornmarket, Derby.

Over The Wall, a UK children’s charity has signed a forty-year lease with the Moravian Union to occupy the former Ockbrook School as its new headquarters and national location. From this location, Over The Wall will run its award-winning residential camps for seriously ill children and their families.

Cary Group, the European market leader specialising in sustainable solutions for repair and replacement of vehicle glass, instructed Raeburn Consulting to prepare market rent and freehold valuation reports on 9 properties across the UK to assist with a business acquisition to further strengthen their UK market share. 

A recent BBC article stated that 2023 is on track to see the highest number of companies going bust since the financial crisis of 2009.

Raeburn Consulting is marketing a high-quality industrial unit for rent in Kinswinford. Situated within the thriving Pensnett Estate, just 3.5 miles from Dudley Town Centre, Industrial Building A at Prime Point boasts an advantageous location. 

Over the years, many small investors have seen residential investments far easier to become involved with. Buoyed by over a decade of low-interest rates never seen before, residential has offered a greater return than that to be gained from High Street Banks. 

Subject to some limited exceptions, most commercial leases within England and Wales can be divided into two categories – those benefiting from the security of tenure provisions in the Landlord and Tenant Act 1954 (‘The Act’) and those that have expressly been excluded from The Act.