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Whatever your type of business, this practical handbook will help you to manage your premises effectively. Whether you are a tenant or an owner-occupier, it will enable you to take an informed approach to commercial property, helping you tonegotiate successful transactions, deal with ongoing management issues effectively and get the most from advisers and agents. The handbook takes a practical approach using worked examples and checklists. It provides a step-by-step guide to all the stages of occupation with comprehensive coverage of all the relevant legal and technical information, including: * strategic property management * financial analysis and decision making * negotiating strategy * valuaton * accounting * tax and business rates * acquisitions * purchase and lease terms * rent reviews * service charges * insurance * repairs alterations and use * planning and environmental issues * disposal of surplus space * lease expiries and renewals * compulsory purchase.
E-Book Content
The Business Occupier’s Handbook The Business Occupier’s Handbook A PRACTICAL GUIDE TO ACQUIRING, OCCUPYING AND DISPOSING OF BUSINESS PREMISES Vicky Rubin in association with CLIFFORD CHANCE Published by E & FN Spon, an imprint of Chapman & Hall, 2–6 Boundary Row, London SE1 8HN, UK Chapman & Hall, 2–6 Boundary Row, London SE1 8HN, UK Chapman & Hall GmbH, Pappelallee 3, 69469 Weinheim, Germany Chapman & Hall USA, 115 Fifth Avenue, New York, NY 10003, USA Chapman & Hall Japan, ITP-Japan, Kyowa Building, 3F, 2–2-1 Hirakawacho, Chiyoda-ku, Tokyo 102, Japan Chapman & Hall Australia, 102 Dodds Street, South Melbourne, Victoria 3205, Australia Chapman & Hall India, R. Seshadri, 32 Second Main Road, CIT East, Madras 600 035, India This edition published in the Taylor & Francis e-Library, 2005. “To purchase your own copy of this or any of Taylor & Francis or Routledge’s collection of thousands of eBooks please go to www.eBookstore.tandf.co.uk.” First edition 1997 © 1997 Victoria Rubin ISBN 0-203-98888-4 Master e-book ISBN ISBN 0 419 21010 5 (Print Edition) Apart from any fair dealing for the purposes of research or pri vate study, or criticism or review, as permitted under the UK Copyright Designs and Patents Act, 1988, this publication may not be reproduced, stored, or transmitted, in any form or by any means, without the prior permission in writing of the publishers, or in the case of reprographic reproduction only in accordance with the terms of the licences issued by the Copyright Licensing Agency in the UK, or in accordance with the terms of licences issued by the appropriate Reproduction Rights Organization outside the UK. Enquiries concerning reproduction outside the terms stated here should be sent to the publishers at the London address printed on this page. The publisher makes no representation, express or implied, with regard to the accuracy of the information contained in this book and cannot accept any legal responsibility or liability for any errors or omissions that may be made. A catalogue record for this book is available from the British Library Contents Foreword viii Acknowledgements ix Introduction x Strategic and background issues 1 Key points 1 1.1 Property strategy 1 1.2 Decision making 14 1.3 Advisers and agents 21 1.4 Property valuation 27 1.5 Property accounting 51 1.6 Property taxation 58 Further Reading 76 Acquisition 78 Key points 78 2.1 Planning the acquisition 80 2.2 Site selection 94 2.3 Negotiations 104