A leading Midlands law firm has announced a new commercial team – including a new senior appointment to lead the department. Wright Hassall has a new commercial team to provide businesses with a wide variety of legal expertise.

If landowners want to change the use of their property from agricultural to commercial or residential then it is important to ensure that they have the correct easements in place to support that change of use.

If your business needs change, you may want to alter your commercial property. However, your lease may include restrictions on what alterations are allowed.

For business owners, preparing your business for sale and making it as attractive as possible for potential investors and acquirers is an important exercise to be considered as part of the wider preparation for commercial due diligence.

In this episode of Real Estate Rundown, we explore the intricate world of commercial property and development trusts, breaking down how these powerful tools work in property investment and development.

In the ever-evolving world of commercial real estate, one acronym is gaining significant traction: ESG—Environmental, Social, and Governance. These three pillars are increasingly shaping the way commercial developments are planned, constructed, and managed. As both investors and occupiers place greater emphasis on sustainability, social impact, and governance practices, enhancing ESG credentials has become a priority for developers.

The Act deals with how landlords and tenants of commercial premises should conduct themselves in relation to rent arrears’ negotiations on debts that were accrued during the pandemic, known as a “Protected Debt”. Arbitration can be sought in the event of failure to agree but there is a deadline of 24 September.

The Government has announced extra protection for businesses by placing a moratorium on commercial landlords’ sanctions for at least three months so that those who cannot pay their rent because of cashflow difficulties related to the coronavirus will be protected from eviction.

Requests from commercial tenants for rental holidays in the light of a drop in business caused by the coronavirus pandemic have become commonplace. Analysis indicates that overall rent collection for the March quarter fell by over 25% in the UK.

When negotiating terms at the start of any commercial relationship, focussing on how you and the other party can terminate that relationship might seem counterintuitive. However, businesses should always try to ensure they have contractual rights that allow them to exit from agreements that cease to be commercially/economically viable.