Landlord With Empty Premises? FAQ
Business Rates Mitigation – Frequently Asked Questions:
How can I reduce my business rates liability?
Hammond Associates offer a tried and tested business rate mitigation scheme using Charities in occupation of commercial property.
Is the Hammond scheme legal?
100% legal and ethical.
How long have the charities been in existence? –
We work closely in partnership with established charities which have been in existence for at least twenty years.
What will it cost us?
There are no upfront charges. All fees are taken from savings generated. On average you will save between 56% – 70% on your business rates.
Does the Charity pay the business rates?
Yes, they pay the rates at the reduced rate after the relevant reliefs have been applied.
Do Charities always receive Charitable Relief/ Mandatory Rates Relief?
We have a 99.9% success rate.
Will I be liable if the Charity doesn’t get relief?
Yes, all rates will be payable in the unlikely event that they don’t obtain relief.
Does the Charity pay rent?
They are contractually obliged to pay a peppercorn rent if requested.
Do the Charities occupy the premises?
Do the Charities use it for 43 days?
No, the charity will occupy it until the property is sold or let. We do not exploit the 43-day rule.
Do the Charities obtain Empty Property Rate Relief?
When they are entitled to empty rate relief we make the application. It is discretionary.
What kind of properties do you use?
Any empty commercial property in a habitable state.
Can we still market the property?
How quickly can the Charity leave if we let or sell the property?
The standard timeframe is 30-day notice period but this can be flexible.
Can we have access to carry out viewings, inspections and maintenance?
Yes – everything is quite flexible, and a true win-win situation for you as a landlord and of course the charity.
How long does it take to set the arrangement up?
We can have a charity in situ within 24 hours, if required.
Hammond Associate can help you every step of the way with all affairs regarding empty property business mitigation.
If you have any further questions regarding our business rates mitigation scheme, liability in empty commercial premises or anything else relating to this type of solution for your empty property, then do not hesitate to contact us. Please email firstname.lastname@example.org