"Turning over a new leaf in the commercial property game."
Commercial Property Rental Legislation Reform
1 000 000 commercial premises are rented.
The contract to rent is known as a lease.
80% of these leases are managed by a property portfolio management company or private equity fund company.
These giant corporate organisations have a monopoly over the estates they manage and between them they have a cartel type stranglehold on the entire market.
Tenants are 99% small family businesses that do not have professional advice when signing a lease.
These monopoly property landlords have the power to influence our government and our legislation.
The very legislation is what our small businesses depend on for their protection:
The Landlord and Tenants Act 1954 part 2
If you want to start a business and rent a property you will find that every one of these monopoly landlords force you to "contract out of the act" removing your rights from day one.
The property industry attempts to self regulate under the trade body called The Royal Institution of Chartered Surveyors (RICS) in particular they have a code of conduct called:
RICS Standard for Leasing Business Premises 2020
This does not stop these landlords removing your rights!
This advises good practice but does not enforce it.
When it comes to rent increases you will be shocked to find out that this trade body has decided that their RICS Standard for Leasing Business Premises 2020 does not apply to the rent increase process!!!
We are here to give you and all small businesses a voice without which corporate landlords are the only ones that are heard.
Without this your high streets will remain empty and family businesses will not be passed on from one generation to the next.
Right now the laws that protect these tenants are under review:
Do you want the decisions made based on the monopoly landlords or on you, your local businesses and your local market demands?
Join us to ensure the tenants voice is heard.
We want the government to investigate this abuse of power!
We want legislation to be fair and create commercial growth in your high streets!
We coordinate how you can add your voice.
Simplicity in our ask.
1. Legislate existing RICS best practice guidelines so it is compulsory.
2. Expand the scope of protection to include Rent Reviews.
3. Adjust rents to reflect low occupancy rates.
4. Adjust rents to reflect fair market value reflecting the actual business use in valuations. To clarify: stop the valuation of all properties based on alcohol licensed or food and beverage comparables when the actual use is industrial or not for profit.
5. Ban contracting out of the 1954 Act and return these rights to all commercial leases except in exceptional circumstances.
6. Run trials to determine what works to ensure the reform is going to work
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About Our Cause
Commercial Lease Reform is dedicated to advocating for fair commercial property legislation and educating stakeholders on lease inequalities. Our mission is to empower tenants and drive positive change in lease terms and conditions, ensuring a more equitable environment for all.
Our Initiatives
Driving Change Forward
Education
Knowledge Sharing
Educational initiatives focus on enlightening tenants and stakeholders about their rights and the importance of fair lease terms. By providing valuable information, we empower individuals to make informed decisions and stand up for their rights.
Advocacy
Voice for Change
Through advocacy efforts, we engage with policymakers and stakeholders to push for legislative changes that benefit tenants. Our goal is to create a supportive environment that prioritizes fair and just lease conditions for all parties involved.
Awareness
Educate & Empower
Raising awareness about lease inequalities is crucial to our mission. By shining a light on these issues, we aim to empower tenants to demand better terms and conditions, ultimately fostering a more equal and just leasing landscape.