Commercial Landlords Face Tough Business Challenges
Commercial landlords are coming under pressure from all sides in the current economic climate.The plight of those landlords in the retail sector has perhaps been the most widely publicised as more and more empty shops appear on the High Streets where retailers have either ceased trading or moved out of expensive and badly performing outlets.
The problem for landlords is the double pressure of receiving no rent for their empty properties while still being liable for paying expensive business rates. Currently business rates are calculated at approximately 40% of estimated annual rental value, putting a considerable burden on landlords....