Commercial lettings are making a vital contribution to the economy of many rural estates. This web class will review some of the key issues for commercial lettings in a rural setting. In particular we’ll consider how to strike the right balance between maximising revenue and minimising outgoings with broader considerations of covenant and property risk.
We’ll also discuss the wider fit of commercial lettings within the rural estate portfolio, including the management of all-important tax considerations. This will be as relevant to the established letting operation as to the landowner or farmer considering a commercial conversion or new-build for the first time.
- Basic letting requirements under the Landlord and Tenant Act 1954
- Security of tenure, contracting out and the wider implications
- Investment appraisal for traditional building conversions
- Income and capital tax implications of rural conversions and new-builds
- Repairs and other outgoings: who, how and when?