COVID-19 has had a profound impact on the UK property market, not only through shifting economic tides, but by changing the way people think about where and how they live, work and shop. Whether you’re a residential or commercial property owner, this overview of the post-coronavirus property landscape could help you navigate the coming months.
Landlords’ Questions About Property Guardianship Answered
Closed For the Foreseeable Future: How to Protect Your Commercial Property (Step by Step)
So you’ve closed your business premises due to COVID-19 and it's unclear when you will reopen. You’ve locked up and packed away your stock, and now you’re working from home while you consider next steps. If the bricks-and-mortar side of your business couldn’t be further from your mind, who could blame you? You’re dealing with enough uncertainty at the moment without the additional question of what to do with your commercial property. That said, it is essential that you take steps to secure the property for the period of closure. Vacant properties are extremely vulnerable to threat, so failing to secure your building could prove costly.
If you don’t know where to start, don’t worry. We’ve made the process easier for you with our Commercial Property Closure Checklist. This list brings together a wealth of info from our blog to cover everything you need to know—from the top threats to look out for to insurance ins-and-outs, and tips for avoiding that derelict look that only attracts trouble. (Oh and by the way, this is a magical checklist: it either has five steps or one step, depending how you look at it!)