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Following the removal of full relief for empty commercial properties in April 2008, property owners have faced considerable financial strain due to empty property rates. The costs associated with vacant premises can be substantial, but our business rates mitigation solution offers property owners the opportunity to receive full relief from these business rates.
Our primary solution involves establishing a lease with a charitable tenant, who is eligible for rates relief. These lease agreements are adaptable and can be terminated with a minimum notice period of 30 days. The charity will utilise your property in a way that benefits both you, the charity and the local community. Importantly, the property can continue to be actively marketed for sale or rent, with property viewings conducted by the property owner as usual.
Our mitigation solutions are applicable to all business premises categories, including:
With a combined experience exceeding three decades in the business rates sector, our team boasts a proven record of significantly reducing clients’ liability for vacant property rates. In every instance, our clients have successfully obtained full relief from all business rates associated with their empty commercial units.
Our meticulously designed schemes are fully compliant with legal regulations and come in various forms, with a central focus on introducing a charitable tenant. This approach transfers the responsibility for non-domestic rates, relieving landlords from the burden of their business rates liability.
The historically challenging issue of empty property business rates no longer needs to plague property owners. We provide a solution that transforms this burden with a system that benefits the landlord, the charity and the wider community.
As a landlord of an unoccupied premises it is highly likely that you are the liable party for empty business rates.
If you are outside of your relief period then you will be liable to pay 100% of your rates as calculated from the rateable value of your property.
By implementing our services you save 100% of your rates as the liability for business rates is changed to the charitable tenant.
Yes. This is as straight forward as securing a tenancy with any company where the rates payer is the legal party entitled to occupy the premises. It is that simple.
If you decide to sell or lease your premises, just notify a member of our team, and the lease will be terminated within 30 days.
At Zarke, we understand the power of community and the importance of making good use of every available resource. That’s why we’ve developed a unique approach to finding vacant properties and transforming them into valuable assets for local charities. Our process is designed to support the specific needs of charitable organisations, offering them much-needed space on a flexible tenancy plan.
