With the new Labour government set to announce its first budget, significant changes are expected in property taxation and empty property rates relief.
For commercial landlords, managing vacant properties comes with a unique set of legal challenges. While it may seem that handling an unoccupied building is a temporary lull between tenants, the reality is that a longer period of vacancy poses several key risks that landlords must address.
Prolonged vacancies in commercial properties are a pressing concern for landlords and investors increasingly being pressured to reduce expenditure and maximise returns.