Commercial property and the Emergency Coronavirus Act

Credit Prolific North - Image of Manchester

On June 16 2021, the government revealed its plan to prolong the legalised delay of forfeiture for commercial leases due to the Emergency Coronavirus Act.

The Act, in place since 23 March 2020, is a topic we have been following closely within the Nolan Redshaw office. It currently guarantees that leases cannot be forfeited for non-payment of rent for a three-month period. This affects all types of commercial tenants but still permits forfeiture at the end of the period for non-payment.

The Advancement of Technology and the Valuation Profession

The valuation process itself will be significantly impacted by the advancement of technology. Various areas of the profession have already been subject to change and in the coming years this change is likely to continue. For instance; how data is accumulated for a report, the engagement with a client, the inspection of a property and … Continue reading The Advancement of Technology and the Valuation Profession