Continuing our series on 'Tax in turbulent times' Charles Beer and Eleanor Bosley of KPMG LLP look at the challenges and opportunities for users and owners of business premises in the current market
A recent warning from the British Retail Consortium that 'This will be the toughest quarterly rent payment day for at least 18 years' serves to highlight the impact of the economic crisis on both users and owners of business premises.
In the light of increasing tenant distress landlords a refinding themselves with over-rented premises and increased risk of tenant default which bring with them the spectre of vacant property with all its associated costs not least empty property rates.
Landlords are also facing downward pressure on rents from new tenants and...
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Continuing our series on 'Tax in turbulent times' Charles Beer and Eleanor Bosley of KPMG LLP look at the challenges and opportunities for users and owners of business premises in the current market
A recent warning from the British Retail Consortium that 'This will be the toughest quarterly rent payment day for at least 18 years' serves to highlight the impact of the economic crisis on both users and owners of business premises.
In the light of increasing tenant distress landlords a refinding themselves with over-rented premises and increased risk of tenant default which bring with them the spectre of vacant property with all its associated costs not least empty property rates.
Landlords are also facing downward pressure on rents from new tenants and...
If you are not a subscriber, subscribe now to read this content.
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