Penny
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Another high street casualtyBay Trading has gone into administration today  There's a branch in the arcade... it's getting a bit empty in here now
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Cathryn
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Has your rent and rates gone down at all Penny?
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Penny
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Not a chance - rates have gone up considerably
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Dani
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thats not good.
mind you, they did price themselves out a bit.
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Cathryn
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Ah, that's the wonder of local Government isn't it.
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dpack
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same with york city council
rates and rents are still at 2008 prices and not adjusted to market so lots of empty shops giving no income rather than drop costs and earn revenue
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mark
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| dpack wrote: | same with york city council
rates and rents are still at 2008 prices and not adjusted to market so lots of empty shops giving no income rather than drop costs and earn revenue |
Yeah - I have a house I let out - i needed to let it at the end of last year so I reduced rent and filled it quickly. Much better than being greedy and ending up with an empty house.
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Nick
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Ditto. We dropped the rent in exchange for asking them to stay for 12 months, not 6. Both sides were happy. Why are councils so daft, or are they restriced by some legal nonsense?
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Penny
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It's a very fine balancing act for councils and landlords. If the landlords give in and charge low rent to get places filled up, other retailers will then use those prices against them when negotiating new rents, or re-negotiating existing rents. One reduction can very quickly have a snowball effect, so losing 30k on one unit for a couple of years, is better than renting it at 15k, but then having all your other tenants insisting they get their rents cheaper
Council rates are based on rentable value - stitch up or what 
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Nick
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Why not have a non-disclosure clause. Your rent is £x. This is a private matter, and discussing it externally will be viewed as breaking the terms of your lease. Then, anyone who mentions lower rents, can be booted, and the incentive is to stay quiet.
Or does freedom of information act prevent sensible business practice now?
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alice
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Well that one passed me by - I've never even heard of them  is it somewhere young people shop? [....stares disconsolately into her glass of Sanatogen]
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claireaitchbee
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| Penny wrote: | | Not a chance - rates have gone up considerably |
can you get a rates review from your local council.. I have a shop in Oxfordshire, and have just applied for a review. It would seem that due to declining trade I can do that..
plus they are still rating me as if i was a restaurant, which is what the bulding was when we bought it..
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bodger
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Councils get the full rates for a shop whether they be occupied or not. The incentive (the money) to get shopping centres right , was removed when the rules relating to empty properties and rates were altered last April.
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