If you own Commercial Property which is Let, it will be important to appoint a Commercial Managing Agent who knows the Law relating to Landlords and Tenants.
Much of this is contained within the Landlord and Tenant Acts of 1927 and 1954 and subsequent legislation has dealt with matters including limitations on Privity of Contract.
Landlord and Tenant Acts of 1927 and 1954
RICS Managing Agents are familiar with these Acts and experienced in dealing with the Notices which need to be served on Tenants at various stages throughout the Lease.
They are conversant with Commercial Rent levels and can Manage the Property, and act for you when it comes to Rent Review Negotiations.
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ADDING VALUE TO YOUR PORTFOLIO
A good Commercial Property Manager will look at ways of improving the Value of your Portfolio.
The way in which Capital Values increase is usually by achieving Rental increases on Review but there are other opportunities to achieve Capital Growth.
If the property is under rented or has possible redevelopment value there may be an advantage in obtaining early possession. Adding Value by looking at possible Extensions, roof conversions or adaptation of unused areas into Lettable Units is another way of
Tax Savings Publications
Investors could save thousands of pounds in Property taxes and enhance the performance of their Portfolio by trying one of the Tax Savings Publications available through the Surveyline Book Shop.
Each year Property needs to be insured and some policies index link the amount of cover and automatically adjust the Premium. Sometimes over a period this index linking needs to be checked to ensure that you are not over insured and paying too much for your cover.
Surveyline Surveyors can carry out Re-Instatement Valuations to check on the level of rebuilding costs applicable to your Building.