What is an assignment of a lease?
A tenant may, for commercial reasons, wish to leave commercial premises prior to the end date of a lease. One …
What is a rent deposit and why do I need to pay it?
A Rent Deposit is a specified sum of money, usually calculated on the basis of a particular number of months’ …
What is a rent review?
Whilst annual rents will be agreed prior to entering into a lease, it is essential to consider provisions for varying …
What additional costs should I expect when purchasing a commercial property?
In addition to the legal fees, you should also budget for SDLT (Stamp Duty Land Tax) and Land Registry fees, …
What is use class F2?
F2 use class was introduced for buildings utilised by the local community. See a list of below; F2(a) Shops (mostly) …
What is use class F1?
F1 use is predominantly for learning and non residential institutions. Below explains what uses are included within; F1(a) Provision of …
What is use class E?
Class E is introduced from 1 September 2020 and was introduced to streamline the planning use class system. Including the …
Why do I now need a change of use from a church to nursery / medical use?
Due to the planning changes in September 2020 class D1 (non-residential institution) and class D2 (Assembly and leisure) uses have …
What is a service charge?
A service charge, (sometimes known in a variant form as an estate rent charge) is where each household/commercial unit in …
Do I need an EPC?
If you are looking to rent or sell the commercial premises or the building has just been constructed then a …
What stamp duty do I need to pay on a lease/purchase?
When renting commercial property, the amount of Stamp Duty payable is calculated based on several different variables, such as the …
How much space do I require to seat a congregation?
We would expect that there should be a requirement of 10 sq.ft. per person within an auditorium hall. Therefore, to …
