Business Rent & Rates
Business Rates – you can influence one of your biggest costs
Business rates, often referred to as non-domestic rates, are a tax on businesses and other organisations that occupy commercial premises. This is an annual contribution made to the cost of services provided by local authorities and the emergency services. The charge that you pay is based upon the Rateable Value of your property which is currently assessed periodically by the Valuation Office Agency (VOA).
Following any Revaluation of commercial property, the VOA will publish the new Rateable Value for every commercial property across the country in a Rating List. Business rates are calculated against the Rateable Value, which represents the rental value of a property, at around 43 – 45% of the Rateable Value. Business rates are therefore one of the largest overheads any organisation will have to pay.
However, based upon comparable data and industry insight, many businesses could make substantial savings by appealing their current Rateable Value.
Business Rent – managing property costs
A complex raft of legislation and case law define the Landlord and Tenant relationship making it an area where it is advantageous to engage experienced and knowledgeable practitioners to act on your behalf.
When you partner with us you can be assured there will be no conflict of interest as we only work for tenants on rent reviews and lease renewals. Further to this, we offer a performance related fee structure with no initial costs, ensuring you receive an entirely results focused approach.
Our business rent services include:
- Rent reviews
- Lease renewals
- Lease re-gearing