exp121260 Posted May 4, 2020 Report Share Posted May 4, 2020 Hi all and hope you are all safe and well ! Just a general thought about how you all managing your business rent payments ( not relevant to the ones own business premises) It seems like we still have few weeks in lock down , more uncertain future months and rents are eating away most of the funds received from government. Some landlords are generous enough or afford to not take the rent for couple of months but most want their rent regardless of the current situation. In residential and business rental contracts , there is a term that specifies that rental premises must be safe for the tenant to live or for business safe to operate from. Due to the current situation, we are all closed as it's not safe for ourselves and the public to operate and stay open. While the premises not safe to be used, why the rent should be paid. I understand that this a national level issue and not in the hands of the landlords, but it just doesn't make sense to me. Legally the rents should be paid and how long this should continue.. I am more worried about after the Lock down, as speaking to business owners near me ,many have plans not even Saty open after the Lock down. Any thoughts on that much appreciated. Link to comment Share on other sites More sharing options...
Flash Posted May 4, 2020 Report Share Posted May 4, 2020 2 hours ago, exp121260 said: Hi all and hope you are all safe and well ! Just a general thought about how you all managing your business rent payments ( not relevant to the ones own business premises) It seems like we still have few weeks in lock down , more uncertain future months and rents are eating away most of the funds received from government. Some landlords are generous enough or afford to not take the rent for couple of months but most want their rent regardless of the current situation. In residential and business rental contracts , there is a term that specifies that rental premises must be safe for the tenant to live or for business safe to operate from. Due to the current situation, we are all closed as it's not safe for ourselves and the public to operate and stay open. While the premises not safe to be used, why the rent should be paid. I understand that this a national level issue and not in the hands of the landlords, but it just doesn't make sense to me. Legally the rents should be paid and how long this should continue.. I am more worried about after the Lock down, as speaking to business owners near me ,many have plans not even Saty open after the Lock down. Any thoughts on that much appreciated. It's going to be very tough I think. The rent we pay is someones income and they may be as desperate as the next man, not all are big companies with loads of spare cash. I guess only time will tell, not all will get over this virus. Link to comment Share on other sites More sharing options...
petercoulson Posted May 4, 2020 Report Share Posted May 4, 2020 We don't have a massive rental bill but our landlord is good we are paying it in full still that's where the rates grant is helping and part of what it should be used for Link to comment Share on other sites More sharing options...
Flash Posted May 4, 2020 Report Share Posted May 4, 2020 5 hours ago, petercoulson said: We don't have a massive rental bill but our landlord is good we are paying it in full still that's where the rates grant is helping and part of what it should be used for I have quite a large rental bill, and my landlords won't give an inch, one day late incurs interest charges... Link to comment Share on other sites More sharing options...
Lee Posted May 5, 2020 Report Share Posted May 5, 2020 The 10k to 25k grant was given to help cover rents. That was it’s soul aim. The furlough scheme was to help with wages, that was its aim. No business will come out of this unscathed it is what it is ponsaloti 1 Link to comment Share on other sites More sharing options...
Flash Posted May 5, 2020 Report Share Posted May 5, 2020 4 hours ago, Lee said: The 10k to 25k grant was given to help cover rents. That was it’s soul aim. The furlough scheme was to help with wages, that was its aim. No business will come out of this unscathed it is what it is What when the £10k doesn't cover the rent?? Link to comment Share on other sites More sharing options...
ponsaloti Posted May 5, 2020 Report Share Posted May 5, 2020 1 hour ago, Flash said: What when the £10k doesn't cover the rent?? What do you pay per month if you dont mind me asking? Link to comment Share on other sites More sharing options...
Flash Posted May 5, 2020 Report Share Posted May 5, 2020 3 hours ago, ponsaloti said: What do you pay per month if you dont mind me asking? More than one shop, £8k plus vat £4k plus vat. Link to comment Share on other sites More sharing options...
Flash Posted May 5, 2020 Report Share Posted May 5, 2020 1 minute ago, Flash said: More than one shop, £8k plus vat £4k plus vat. Sorry, per quarter, not month. Link to comment Share on other sites More sharing options...
ponsaloti Posted May 5, 2020 Report Share Posted May 5, 2020 So are you paying rates on 2 premises or split rates on 1, ie are your 2 shop's classed as 1? Link to comment Share on other sites More sharing options...
exp121260 Posted May 5, 2020 Author Report Share Posted May 5, 2020 This is a very high rent payments. However, once someone told me the ratio of annual rent charge should be about 10% of the annual income , this way is manageable and should be OK. Link to comment Share on other sites More sharing options...
da miller Posted May 24, 2020 Report Share Posted May 24, 2020 the grant for small business was to be used as you saw fit not just for landlords 9weeks and rent paid no income don't be daft pay what you can or get a default account for 12months were you paid as you go until you reach your level some will win some will lose Link to comment Share on other sites More sharing options...
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