If you are looking to move your business, there is an important decision to be made around whether you should buy or rent premises. There are several factors you should consider and making the right decision can be challenging. In this blog post, we look at the pros and cons of each to give you an idea of what you may wish to think about or discuss with your adviser.
Has the Coronavirus pandemic been the catalyst to a change in the nature of the landlord and tenant relationship?
Recent events have led to many questioning their property requirements for the future, both from a personal and professional prospective.
The residential property market is presently buoyant, with purchasers taking advantage of LBTT cuts and low interests rates to move out of the cities and into more rural settings. After all, why pay more to be close to the office, when you can get something larger or more cost effective within commuting distance and with that all important garden or access to outdoor space that was a saviour to many during the lock-down?
In response to the dramatic reduction in cashflow for most small businesses, commercial tenants in Scotland are now benefiting from additional protection from eviction on the grounds of non-payment of rent amidst the COVID-19 pandemic.
While the UK may be in lockdown, that does not mean that life cannot continue and the business world must stop, if anything it is even more important now that we continue to press on with business transactions and embrace technology to help us do this.
