News

Covid-19: Positive actions for commercial landlords

31st March 2020

Covid-19: Positive actions for commercial landlords

Despite the current challenges, there is much that a landlord can do with their property portfolio to use lockdown time effectively. Below are some hints and tips of things you can do to actively manage your property and make sure you are on top of all management issues.

  1. Check whether any leases were granted with a term over seven years and whether they have been registered
  2. Update any records with the date the lease expires, has a break date or a rent review dates
  3. Consider serving any rent review notices for reviews that might have been missed
  4. Make sure all rent deposits are properly recorded and the monies held in the correct accounts
  5. Check that it is your named tenant who is paying rent and not a third party. If you spot any issues, take legal advice to protect your position
  6. Review your leases to see what repair obligations you might have as a landlord. Consider whether you are complying with any obligations
  7. Think about whether the property has an up to date EPC. Is the rating F or G, and do you need to upgrade the property to be able to lawfully let it again?
  8. Do you know when you last inspected the property? If it has been a while, diarise to inspect when you can. Make sure the tenant is complying with its covenants and pick up any possible breaches sooner rather than later

If you have any queries relating to property or property litigation, please contact Nyree Applegarth on 07595 657733 or Nyree.applegarth@higgsandsons.co.uk

For help and support with any other personal or business legal issues during the Covid-19 crisis, please call us on 0345 111 5050 or email supportingyou@higgsandsons.co.uk

 

Other news

Contact us

3 Waterfront Business Park
Brierley Hill
West Midlands, DY5 1LX

Email: law@higgsandsons.co.uk
Call Us: 0345 111 5050

Newsletter

Keep up to date with all the latest here.