With Gwynedd Council set to make planning necessary for change of use from a main dwelling to a holiday let/second home, some initial thoughts on the possible impact on values…

Rent reviews are included in most commercial property leases, so that the rent keeps pace with the market. An upwards-only rent review is a type of review that allows the rent to increase periodically, but prevents it from decreasing.

Business owners will often take the advice of their solicitor and accountant before they sign a lease, but in my experience, not enough take the advice of a Chartered Commercial Property Surveyor.

Commercial property rent reviews can often be dealt with retrospectively, but it will depend on whether the lease makes time ‘of the essence’ or not.

We look at the differences in approach when a commercial lease is coming to an end, depending on whether the lease is within the Landlord and Tenant Act 1954, or outside it.

Tenants of commercial property should be aware that strict compliance with lease conditions is required when looking to action a break clause. 

Williams Ellis has recently been successful in letting commercial properties in Menai Bridge. Deals were done on behalf of two separate clients, and with two local businesses that were looking to expand.

Welsh Government announced yesterday (26th August 2021) that the moratorium against forfeiture for the non-payment of rent will once again be extended, this time to March 2022.

Garden land is land that is used with a house, as an extension to the existing plot, and usually for amenity use or parking use. In this post we explain how a valuer would approach working out a price for the land and what factors would influence value.

Rent reviews are a common feature of UK commercial property leases of 5 years or longer. It’s important for both landlords and tenants that they are dealt with properly and in accordance with the terms of the lease.

Taking a new lease on a commercial property will be one of the most important business decisions you make, so it’s important to understand the implications of what is being agreed.

If you are unlucky enough to find yourself embroiled in a boundary dispute, a Chartered Surveyor is well placed to advise and can provide a variety of technical services that will facilitate a resolution.

An overage clause, or 'clawback', is a useful means to provide a seller of a property with the ability to benefit from value that may only be realised at a future date

A red book valuation is the name that is given by practitioners to a valuation report that adheres to the Royal Institution of Chartered Surveyor's Valuation Professional Standards, also known as the Red Book.