Archive for Category: News

Rent Review savings of over £23,000 pa!

We are very pleased to have just completed a rent review in Medway saving our client (the tenant) £23,324 per year!! If you need rent review advice, please read through the guidance on our website at https://www.michaelparkes.co.uk/wp-content/uploads/2015/07/Rent-Review.pdf or contact Emma Catterall to discuss further.

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Self Employment

Self Employment Just last month, in February 2016 Julie Deane OBE from The Cambridge Satchel Company gave an independent report to the Prime Minister about her findings regarding self employment. I read this with interest as the report shows that the number of self-employed in the UK currently stands...

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Business Rates

Did you know that from 1st April 2017 the Valuation Office Agency, sometimes called the VOA is updating the rateable value of all business properties. This affects you if you rent a business property or you own a business property and pay rates. The amount of business rates you...

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Commercial Agent V Residential Agent

Commercial Estate Agent V Residential Estate Agent   So you have a commercial property that you would like to sell or rent out and you don’t know who to turn to. Maybe you grab the local newspaper or look on Rightmove to see who is advertising properties local to...

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HSE Mythbusters

We have just read in the latest IRPM technical update that a management company advised residents that the odd job person was unable to change light bulbs as he would only be protected from negligence if a competent electrician carried out the job. The residents referred the matter to the...

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Thank you

We would like to say a very big thank you to everyone who came and spoke to us on our stand at the Landlord Investment Show in Olympia yesterday. We met some really lovely people and we look forward to assisting them with their property needs in the future....

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Cardboard boxes against heater cause fire!

On 19 October 2015 around 50 people were evacuated from a block of flats on Maida Hill following a fire. 21 firefighters attended the blaze which damaged around a quarter of a two- bedroomed flat in the block. Thankfully there were no injuries. The fire service Watch who was...

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Rent review

Compton Beauchamp Estates Ltd V Spence 2013 In a recent case about appealing an arbitrator’s decision on a rent review it was held that the arbitrator’s failure to give adequate reasons for his decision did not give rise to a substantial injustice to the landlord. The claimant landlord had...

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Fantastic and flexible serviced offices in Dartford

Fantastic and flexible serviced offices in Dartford The Nucleus Business & Innovation Centre is managed by Oxford Innovation and we are proud to be able to partner with them to offer our clients an alternative office space to rent which supports local businesses. The offices are open to companies...

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Current demand and supply boosting prices

Curent market conditions – demand and supply boosting prices   According to the RICS occupier investment markets continue to tighten and drive rents and prices higher. There is a persisting mismatch between strong demand and lack of supply and rental growth is expected to accelerate while capital values should...

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Smoke alarm and carbon monoxide alarm regulations

A quick and simple guide to smoke alarm and carbon monoxide alarm regulations The regulation The Smoke and Carbon Monoxide Alarm (England) Regulations 2015 When is it in force from? 1st October 2015 Why is this important? You are at least four times more likely to die in the...

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Dilapidations Considerations

Dilapidations Considerations Marketability Open plan layouts are sometimes better because prospective tenants can see a blank canvas to plan their own layout. Conversely some people have such difficulty visualising things, especially in a large open plan property that plans help people to see what they could do and therefore...

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Electrical Maintenance and Property Management

Electrical Maintenance Introduction Electricity has consistently been the second largest cause of fire in the UK. The risk of fire can be reduced if the installations are properly designed, installed, modified, extended and maintained. Installations can deteriorate due to age, misuse or environmental conditions. The Law The current regulations...

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Job Opportunity

We have a property management system provided to us by T&H Computer Services Ltd which we call PMS (property management system). The features of the system include:- • Rent collection and client accounting • Service Charge budgeting and year end accounting • Insurances • Interest on late payments and...

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