Commercial Property

Welcome to the Autumn/Winter edition of Business First Magazine.

Welcome to the Spring 24 edition of our Business First magazine.

There are many factors to consider when selling a business and it isn’t something that should be entered into lightly. Our free guide runs through some of the important considerations this involves.

This guide will help you understand what to look for in finding and buying the ideal commercial premises for your needs.

Our quarterly business magazine is packed full of features including creating a supportive workplace, sustainable buildings, legally compliant HR and EDI essentials.

While buying property at auction can be a thrilling and potentially rewarding experience it is important to be aware of the legal implications, rules and regulations, and possible risks involved in such a purchase.

The clock is ticking for overseas companies with property interests in the UK to comply with new money laundering legislation. 

Any overseas entity planning to buy, sell or transfer property or land in the UK, or that owns property in the UK must now be verified and registered at Companies House, with registration completed before the end of January 2023, and with annual reporting in future. 

There are several factors you should consider and making the right decision can be challenging. In this article, we look at the pros and cons of each to give you an idea of what you may wish to think about or discuss with your solicitor.

Even now the restrictions are easing and many more businesses are opening their doors, some commercial tenants may still be struggling to pay rent in full and on a regular basis. Both parties to a commercial lease contract should understand how their liabilities and obligations have been affected by COVID-19 and ideally work together towards a solution before the eviction protection comes to an end in June.

When the Covid-19 crisis forced the country into lockdown back in March, many businesses, in many sectors, were forced to close their doors to employees, clients and customers alike. In response, the Government announced a temporary ban on evictions of commercial property tenants. A move that was welcomed, initially, as a way of securing the longer-term future of certain companies and, in turn, the jobs of their staff.

Chesterfield Canal Trust’s ambitious plans to preserve and reinstate the historic canal lines that run from Staveley to Kiveton Park have recently continued after the charity confirmed the purchase of two unoccupied houses located on the proposed route.

With Brexit now officially ‘done’, you could be forgiven for thinking that the rest of the year is likely to be somewhat less eventful. However, with a number of major legislative changes afoot impacting business owners, homeowners and savvy investors alike, and the Spring Budget yet to be announced, it is fair to say that may not be the case.

Sheffield’s trendy Abbeydale Road pub scene is to be further bolstered by a new, independent bar which will specialise in a range of high-quality craft beers.

It has been more than three years since the EU reference took place, during which time it’s fair to say the phrase ‘Brexit’ has dominated the headlines.

In April 2018 new legislation increasing the minimum energy efficiency standards for commercial property was implemented, making it unlawful to enter a new lease on a commercial property with an Energy Performance Certificate (EPC) rating of ‘F’ or ‘G’, the current lowest grades of EPC.

Auction Estates Ltd, a dedicated property auction house specialising in the sale of residential housing, commercial property, land and specialist property investments, has hit a major milestone this month having completed in excess of £10m worth of auction sales in its first twelve months of business.

The Energy Efficiency Regulations 2015 brought into force minimum energy efficiency standards for residential and commercial properties. As of 1 April 2018, Landlords with properties within the scope of these Regulations must not renew existing tenancies or grant new tenancies if the property has less than the minimum Energy Performance Certificate (EPC) rating of ‘E’. It is estimated that a significant number of rented properties in England and Wales have an F or G rating.

In case you were not aware, the legal services provided in the UK are Great. But don’t just take our word for it; its official! A global drive to promote the UK’s £25 billion legal services sector at home and abroad has just been launched by the Lords justice spokesman Lord Keen at a reception in Singapore.