Autumn Statement spending announcements signal a welcome boost for the business community

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The Chancellor of the Exchequer, Philip Hammond in his Autumn Statement announced the government’s intentions to “prioritise high value infrastructure and innovation” in order to “support businesses to grow and create jobs through the regulatory and tax systems”. Further, that the inconsistency between rural rate relief and small business rate relief will be removed by doubling rural rate relief to 100% from 1 April 2017.  This will be welcome news to many businesses and to the commercial world.

As businesses expand and new businesses form, owners will need to consider where they intend to trade from. This will inevitability be by taking a lease of a commercial premises.   It is important that commercial tenants fully understand their obligations when entering into a lease and that all agreed terms have been fully incorporated.  The potential consequences of not seeking legal advice can have a detrimental effect on any business.

At Forbes we offer a fixed fee lease report service in which our commercial solicitors will review your lease and provide a report on the key terms highlighting any onerous provisions. The cost of this service is £400 plus VAT.  For further information contact our Commercial Property department on 0800 689 0831 or send any question through to Forbes Solicitors via our online Contact Form.

Laura Bradley

About Laura Bradley

Laura Bradley is a Solicitor in the Commercial Property department at Forbes Solicitors. Within her blogs Laura deals with all aspects of commercial property including leases (from both landlord and tenant perspective), licences, acquisitions and disposals along with recent updates within the property sector.
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