Commercial Rates Update – Two Points to Note for Landlords/Owners of Commercial Properties
To protect themselves from arears of rates racked up by outgoing Tenants, Commercial Landlords should take the following steps:
a) In the first instance, ensure the Tenant is not in arrears. In the event of a Consent to an Assignment or Sub-Letting or even Surrender, the Landlord should as a condition of that Consent ensure that arrears are discharged;
b) Secondly, the Landlord should ensure that within two weeks of the date of the ‘transfer’ (e.g. Surrender, Assignment or Sub-Let) the Landlord notifies the Local Authority of the transfer and the details of the new occupier.
Relevant Legislation: Section 32 of the Local Government Reform Act, 2014
If you have any queries in relation to commercial rates, commercial lease or Landlord and Tenant queries pleas contact Michael Crowley at 01-6793565 or firstname.lastname@example.org