In the build-up to the UK’s general election, Labour’s shadow chancellor – and now chancellor – Rachel Reeves, said the party wanted to reform the country’s business rate framework. Reeves said a Labour government would look to cut overheads for small retailers on the high street, while asking larger corporations and multinationals to “pay their fair share”. Business rates are...

The old adage of “location, location, location” rings just as true in the world of commercial property as it does in residential property. In fact, the success of your business can sometimes hinge on where it’s situated, affecting everything from customer footfall to employee satisfaction. Are you a small business owner that’s faced with the conundrum of finding a suitable...

If you’re stepping into the world of leasing commercial property for the first time, negotiating the right commercial lease for your business can feel like navigating a maze. There’s so many avenues to explore, but only some may be truly beneficial to your day-to-day operations. Securing a favourable commercial lease is vital to the continued success and stability of your...

Owning a business is like riding a rollercoaster—you experience exhilarating highs and nerve-wracking lows. From the thrill of success to the challenges of everyday operations, there's never a dull moment. But just like strapping on a safety harness before taking the plunge, having the right insurance coverage is crucial for commercial tenants to navigate the ups and downs of business...

Lots of people are looking to earn additional income to supplement their full-time earnings. The cost-of-living crisis has exacerbated this need. Meanwhile the Covid-19 pandemic opened the eyes of many to the importance of doing what you love most. Are you planning on starting a new side hustle that you hope to turn into a fully-fledged business one day? If...

In April, the consumer price index (CPI) hit highs of 9%, reaching levels not seen in the UK in over four decades. Soaring inflation is heavily linked to the escalating costs of gas and electricity, amid the crisis in Ukraine and as the world returns to a semblance of post-Covid normality. Many small businesses like yours will be affected by...

Commercial property landlords may be prepared to offer some form of concession or incentive to encourage prospective tenants to sign a new lease or convince an existing tenant to extend their current lease. Commercial lease incentives have become an integral factor in the negotiation stage for new or extended leases. In fact, commercial lease incentives are a useful bargaining tool...

A recent study of British trends in self-employment, underpinned by Google search data, has revealed a sharp rise in the number of would-be entrepreneurs since the easing of Covid-19 restrictions. The findings, generated by Novuna Business Cash Flow, show that the number of users considering setting up their own business had risen by more than a third (36%) since the...

If you are planning to let your first commercial property as a business owner, it’s important to fully understand the concept of break clauses. Failure to grasp the basics could result in your business losing substantial sums of money and facing significant inconvenience down the line. Read on as we explore how break clauses work, their typical requirements and if...

Understanding your obligations as a first-time commercial property tenant is imperative to safeguard your best interests. It’s a good idea to familiarise yourself with the tasks that you are obliged to oversee, as well as those that should be handled by any responsible commercial property landlord. In most cases, building insurance is not one of those liabilities for tenants, contrary...