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Cooke & Arkwright
COOKE & ARKWRIGHT May 2020 PROPERTY NEWSLETTER
 
INtroduction

With the COVID-19 lockdown bringing cashflow challenges for landlords and occupiers alike, director Andrew West from our business rates team has produced a series of videos to talk through what public sector support is available and how you can reduce your business rates liability in this period of lockdown where businesses are unable to operate as normal.

We have also included below links to articles produced during this period by our Elizabeth Hill (valuation), Philip Angell (property management) and Ben Bolton (office agency) in addition to one from Andrew West (business rates), providing their advice and views to help you at this time.  These cover:-

  1. Can a valuation which includes a Valuation Uncertainty Clause be relied upon?
  2. What must Landlords and Tenants consider during lockdown
  3. Service charge reviews in tenanted properties
  4. Temporary ban on Landlords’  “aggressive” rent recovery actions
  5. Changing Office Requirements in a Flexible World
  6. Business Rates Revaluation Postponed

Our teams are working remotely, but are all available at this time to assist you as required.  Please speak with your usual Cooke & Arkwright contact and we would be very happy to help you.

 
video 1 - Grants and Relief

Our business rates advisory team are keen to ensure occupiers can access the grants and relief available to them at this time to help them reduce their costs.

In this video, director Andrew West talks about what is available and what occupiers need to do to access it.

 
video 2 - empty property rate relief

With occupiers keen to reduce their property costs at this time, director Andrew West provides some helpful advice here on how you can obtain relief from business rates if your property has become fully or partly empty

 
VIDEO 3 - COOKE & ARKWRIGHT PROPERTY WEBINAR

Cooke & Arkwright and Acuity Law reviewed the latest developments and continually evolving legislative environment in the commercial property market and the issues relevant to real estate professionals in the current climate

In this webinar, Philip Angell (property management) and Andrew West (business rates) from Cooke & Arkwright, together with the team from Acuity Law, discussed:

  • Real estate implication of the Coronavirus Act 2020 and Corporate Insolvency and Governance Bill
  • Key lease provisions and how they are impacted, such as payment and performance obligations and defaults and remedies
  • Rent concessions
  • Business rates
  • Service charges
  • Construction
 

Business rates revaluation

With the UK Government announcing earlier this month that the 2021 business rates revaluation is to be postponed, our director of business rates Andrew West discusses those businesses who stood to benefit from the revaluation and the impact of the postponement on their businesses:-

Business Rate Revaluation Postponed

 

Valuation

With valuation uncertainty clauses now common in valuation reports, director Elizabeth Hill answers a question from a client on:-

Can a valuation which includes a Valuation Uncertainty Clause be relied upon?

 

PROPERTY MANAGEMENT
 

Office agency

As we come towards the end of the initial period of lockdown and move towards a phased return to work, director Ben Bolton talks about:-

Changing Office Requirements in a Flexible World

 
THANK YOU

Up and down the country we’ve all been getting behind the incredible efforts of the keyworkers going above and beyond to help others at this time.

We asked the Cooke & Arkwright team to tell us about family members in their own homes who are key workers going the extra mile and this short film introduces some of the healthcare workers, teachers, supermarket staff and community volunteers they told us about. As a firm, we can’t express our gratitude enough, and are so proud of your outstanding efforts

 
Cooke & Arkwright Sectors
Cooke & Arkwright Services
 
www.coark.com
© Cooke & Arkwright. All rights reserved.
Cooke & Arkwright is a trading name of Cooke & Arkwright Ltd. Registered in England and Wales No 2618062. Cooke & Arkwright offer Retail, Office, Industrial, and Rural properties. Registered Office: 7/8 Windsor Place, Cardiff CF10 3SX. Cooke & Arkwright is regulated by the Royal Institution of Chartered Surveyors.
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