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<strong>Coronavirus: What does it mean for business rates?</strong>}

Coronavirus: What does it mean for business rates?

25th March 2020

In light of the rapidly changed market we all find ourselves in and the ongoing updates to the business community from Chancellor, Rishi Sunak, we want to provide an update on what it means in relation to your business rates liabilities.

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<strong>Tenant advice amid COVID-19  – Improving cashflow and other practical necessities</strong>}

Tenant advice amid COVID-19  – Improving cashflow and other practical necessities

2nd April 2020

Further to the Government’s advice and the assistance and protections proposed in the Coronavirus Act 2020, it is important to ensure you have considered every possible legal, financial, health and safety and practical implication with regards to leasing commercial property at this unprecedented, challenging and fast moving time.

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<strong>Can I still get a property valuation despite COVID-19?</strong>}

Can I still get a property valuation despite COVID-19?

28th April 2020

A key requirement of a property valuation is that you have to inspect the building in question. Since the implementation of stringent measures to combat the spread of COVID-19, surveying and valuing properties in person has become more challenging, but not impossible. 

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<strong>Tenants and COVID-19: Frequently asked questions</strong>}

Tenants and COVID-19: Frequently asked questions

8th April 2020

Naturally, you, as tenants, will have a lot of questions amid the Coronavirus (COVID-19) outbreak. We've pulled together a list of some of the most common questions that our clients are asking us currently, which we hope you find helpful. 

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<strong>How will my rent review be affected by COVID-19?</strong>}

How will my rent review be affected by COVID-19?

8th April 2020

When it comes to your rent review, the key consideration will be the date of the review.

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<strong>Lease advice for landlords: Working with your tenants during COVID-19</strong>}

Lease advice for landlords: Working with your tenants during COVID-19

8th April 2020

On the back of many businesses closing their premises to tackle the on-going COVID-19 crisis, we take a look at how landlords can work with their tenants to support them at this difficult time, whilst protecting their interests.

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<strong>Lease advice for tenants: Working with your landlord to achieve the right outcome</strong>}

Lease advice for tenants: Working with your landlord to achieve the right outcome

8th April 2020

As many businesses have closed their premises to tackle the on-going coronavirus (COVID-19) crisis, we take a look at how occupiers of commercial property can work with their landlords to achieve short term support to help at this difficult time.

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<strong>I am being asked by all my tenants for rent holidays amid COVID-19. Am I obliged to say yes in light of new Government legislation?</strong>}

I am being asked by all my tenants for rent holidays amid COVID-19. Am I obliged to say yes in light of new Government legislation?

9th April 2020

The default position for any landlord and tenant will be the lease contract you have in place which, in most cases, requires a tenant to pay rent in advance on a quarterly or monthly basis.

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<strong>What has been the effect of COVID-19 on rents and capital values?</strong>}

What has been the effect of COVID-19 on rents and capital values?

9th April 2020

At this stage it is too early to determine the effect of the Coronavirus (COVID-19). There is likely to be an effect on commercial values, but we do not expect this to be across all sectors or markets.

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<strong>As a landlord, can I get business rates relief for the property that I occupy and any vacant property?</strong>}

As a landlord, can I get business rates relief for the property that I occupy and any vacant property?

9th April 2020

As an owner/occupier of office or industrial space, empty rates usually apply when a building is fully vacant i.e. not just empty of people. 

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<strong>British Chambers Of Commerce Support</strong>}

British Chambers Of Commerce Support

14th April 2020

As the Coronavirus continues to impact the operations of businesses, learn more about the steps that Chambers and members can implement to minimise impact on local communities and support the UK government's strategy.

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<strong>Thames Valley Chamber of Commerce: Legal Advice Line</strong>}

Thames Valley Chamber of Commerce: Legal Advice Line

14th April 2020

Members of the Thames Valley Chamber of Commerce (TVCC) can automatically benefit from access to legal services to protect business interests through the TVCC Legal & HR Solution.

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<strong>Thames Valley Chamber of Commerce: Business Support Webinars</strong>}

Thames Valley Chamber of Commerce: Business Support Webinars

14th April 2020

To help businesses during these unprecedented times, the Thames Valley Chamber of Commerce is running a series of business support webinars covering subjects including director’s duties and obligations, how to furlough workers and more.

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<strong>Government guidance: COVID-19: support for businesses</strong>}

Government guidance: COVID-19: support for businesses

14th April 2020

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.

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<strong>Government guidance: Apply for the Coronavirus Business Interruption Loan Scheme</strong>}

Government guidance: Apply for the Coronavirus Business Interruption Loan Scheme

14th April 2020

The Coronavirus Business Interruption Loan Scheme (CBILS) supports small and medium-sized businesses, with an annual turnover of up to £45 million, to access loans, overdrafts, invoice finance and asset finance of up to £5 million for up to 6 years.

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<strong>Government guidance: Support for larger firms through the COVID-19 Corporate Financing Facility</strong>}

Government guidance: Support for larger firms through the COVID-19 Corporate Financing Facility

14th April 2020

Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies. 

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<strong>Government guidance: Protection from eviction for commercial tenants</strong>}

Government guidance: Protection from eviction for commercial tenants

14th April 2020

Commercial tenants who cannot pay their rent because of COVID-19 will be protected from eviction.

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<strong>Government guidance: Claim for your employees' wages through the Coronavirus Job Retention Scheme</strong>}

Government guidance: Claim for your employees' wages through the Coronavirus Job Retention Scheme

14th April 2020

If you cannot maintain your current workforce because your operations have been severely affected by coronavirus (COVID-19), you can furlough employees and apply for a grant that covers 80% of their usual monthly wage costs. 

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<strong>Government guidance: Deferral of VAT payments due to coronavirus (COVID-19)</strong>}

Government guidance: Deferral of VAT payments due to coronavirus (COVID-19)

14th April 2020

Temporary changes to the VAT payments due between 20 March 2020 and 30 June 2020 to help businesses manage cash flow.

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<strong>Government guidance: Financial support for businesses during coronavirus (COVID-19)</strong>}

Government guidance: Financial support for businesses during coronavirus (COVID-19)

14th April 2020

A full range of business support measures have been made available to UK businesses.

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<strong>Leesman & RICS-IFMA launch joint COVID-19 response group</strong>}

Leesman & RICS-IFMA launch joint COVID-19 response group

14th April 2020

The Royal Institution of Chartered Surveyors (RICS) and the International Facility Management Association (IFMA) collaborate on emergency initiative with Leesman about the threat posed to the real estate and facilities management industries by COVID-19.

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<strong>Can I obtain a Building Survey despite COVID-19 related travel restrictions?</strong>}

Can I obtain a Building Survey despite COVID-19 related travel restrictions?

21st April 2020

Many property transactions are being driven by lease events such as lease ends or break dates, which will need to proceed despite the challenges that COVID-19 presents.

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<p><strong>FAQs: How is COVID-19 affecting planning and development?</strong></p>}

FAQs: How is COVID-19 affecting planning and development?

13th April 2020

The current sentiment is there remains a robust case for new homes and the right type of commercial development, and the current turbulence is not the result of any wider market failure but is due to this health crisis.

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<strong>As a property lender, can I appoint a Fixed Charge / LPA Receiver during COVID-19 lockdown to recover debt?</strong>}

As a property lender, can I appoint a Fixed Charge / LPA Receiver during COVID-19 lockdown to recover debt?

28th April 2020

Many businesses and their people are being adversely affected financially by the COVID-19 pandemic, through no fault of their own. As a result, there is considerable sensitivity around lenders taking any formal action against borrowers during these unique circumstances.

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<strong>Raising Funds via Sale and Leaseback (the alternative to a finance package)</strong>}

Raising Funds via Sale and Leaseback (the alternative to a finance package)

30th April 2020

Owner occupiers have one significant advantage over leaseholders when it comes to the requirement to raise significant sums of cash relatively quickly – the property they occupy.

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<strong>Steps for reoccupying commercial buildings: property asset management tips</strong>}

Steps for reoccupying commercial buildings: property asset management tips

6th May 2020

As the Government begins to announce the ease of social distancing restrictions amid the continued COVID-19 outbreak, both landlords and tenants will be considering what steps they need to take to enable their business, or that of their tenants, to return to normal.

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<strong>Working safely during coronavirus (COVID-19): advice to employers </strong>}

Working safely during coronavirus (COVID-19): advice to employers 

12th May 2020

Following on from Sunday's announcement by the Prime Minister regarding the relaxing of some lockdown measures, the Government has published refreshed guidance for employers about how to work safely during the coronavirus (COVID-19) pandemic. 

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<strong>Build, build build: Will planning changes deliver development or delay?</strong>}

Build, build build: Will planning changes deliver development or delay?

21st July 2020

The Prime Minister recently set out the first steps in his strategy to ‘rebuild Britain and fuel economic recovery’ across the UK with the aim to ‘build back better, build back greener, build back faster.’

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<strong>What this week’s planning changes mean in practice</strong>}

What this week’s planning changes mean in practice

24th July 2020

For some time now we’ve been waiting for drastic change to UK planning policy and it seems that the COVID-19 pandemic has served as a catalyst for some long-awaited alterations.

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<strong>Latest planning changes do not mean ‘automatic permission’ for new home and hospitals</strong>}

Latest planning changes do not mean ‘automatic permission’ for new home and hospitals

3rd August 2020

On 1 August, the housing minister, Robert Jenrick, announced that new homes and hospitals will be granted "automatic" permission to be built as part of sweeping planning reforms in England.

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<strong>Planning Changes July 2020 - A guide to the latest developments</strong>}

Planning Changes July 2020 - A guide to the latest developments

18th August 2020

In July 2020, a range of changes to permitted development rights and planning use classes were announced, the latter of which is arguably one of the most significant curtailings of regulatory control in the planning system for some time.

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<strong>Business rates, COVID-19 and why it’s good to talk</strong>}

Business rates, COVID-19 and why it’s good to talk

3rd November 2020

One of our core values here at Vail Williams is that we listen to our clients. We care about what is happening to them and what the future holds. Our advice and the way we operate as a business reflects this.

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<strong>Housing Need Changes – what councils and developers need to know</strong>}

Housing Need Changes – what councils and developers need to know

9th November 2020

In October, a consultation released alongside the Planning White Paper, discussing changes to the current planning system, closed.

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<strong>Learning from the pandemic: What are the positives for landlords?</strong>}

Learning from the pandemic: What are the positives for landlords?

24th November 2020

It has been an incredibly difficult year for landlords, many of whom have been unable to collect rent from tenants struggling amid the ongoing COVID-19 pandemic.

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<strong>COVID-19 causes volatility in property valuations for company accounts</strong>}

COVID-19 causes volatility in property valuations for company accounts

26th November 2020

The COVID-19 pandemic and resulting recession had a significant impact on the property market in 2020 – one which will continue to be felt for some time.

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<strong>2021 property deals: Top tips for occupiers on how to get your deal done</strong>}

2021 property deals: Top tips for occupiers on how to get your deal done

5th January 2021

Throughout the pandemic we have been completing property acquisitions for a variety of businesses seeking new premises, from offices and warehouses, to helicopter storage hangars.

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<strong>What’s next for the workplace?</strong>}

What’s next for the workplace?

23rd February 2021

The disruption caused by the pandemic has called into question current working practices and this is rapidly changing  the design, location and tenure of the workplace.

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