Vacant Commercial Property - The Tools Available for Dealing with the Practical Issues

Introduction

There may be a view in some quarters that landlords are reluctant to let until certain of obtaining a high rent. Landlords would point, though, to the many headaches of holding vacant property, from maintaining security, mitigating rates liability if possible, dealing with disrepair and reinstatement, clearing the property of tenant’s goods, and managing risk to anyone visiting the property. Taken together, the problems are usually sufficient to outweigh any advantages.

At the same time, a vacant property presents an opportunity for upgrades, statutory compliance work and perhaps re-purposing to accommodate change of use; this webinar will consider upsides as well as downsides.

What You Will Learn

This webinar will cover the following:

• Security, insurers’ requirements, and property guardians
• Business rates mitigation schemes
• Opportunities as well as problems
• Deemed utilities contracts
• Options for abandoned tenants' goods

This webinar was recorded on 14th August 2023