Rateablevalue Blog

‘Don’t be taken for an (Empty Rates) April Fool’

Find yourself an ‘off the peg tenant’

Last April the chancellor played the owners of commercial property for the fool. He removed empty property rating relief. This ill thought out act has contributed to a considerable degree to the dire state of the commercial property industry. Affecting not only owners but all those closely connected with the industry. Property companies have faced a cash flow double whammy. No rent coming in, mortgage payments going out, and now empty rates to pay at the full rate. It’s even worse for lessees of vacant property as they also have the rent to find.

March has brought with it the new empty rates bills up to the following March 2010. To add insult to injury these bills have risen by some 5%.

Please do not sit on your hands and take this tax on the chin without a plan to mitigate your liability.

If you want an arm’s length, ‘off the peg tenant’ then we can help immediately. Rateablevalue.co.uk can provide a tenant for your property for the minimum period to trigger a new rates void period. Its a simple, low disturbance occupancy service provided on a NO SAVING, NO FEE basis. To find out more visit the website at http://www.rateablevalue.co.uk/enquiries.php and enter your details to obtain a no obligation quote. ‘Cut down your liability and not your building’.

Anyone can fall for an April fool’s day trick once, but don’t fall for the same trick again this April.

Filed under: General by david