Companies to acquire the right to negotiate the rents of the cheaper office in England

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Companies that rent offices, stores, or warehouses will be able to negotiate with cheaper deals with owners for the first time under government plans to end the historical system “bullish rental reviews only” for new rental contracts in England and Wales.

On Thursday, the draft English language delegation and empowerment of the society published on Thursday includes a ruling to ban items in the contracts contracts contracts that say the rents cannot decrease when renewing the lease agreement.

The items were standard in the real estate market in Britain for decades, giving security to commercial real estate owners, but tenants who could find themselves stuck to paying rents over the market.

The changes will not affect the current contracts, but it will make it illegal to introduce the promotional sentences in a new agreement between the owner and the tenants.

The owners will have to choose between providing fixed rents during the agreement or a condition of review that allows the rents to fall as well as the height.

The government said that the upcoming reviews of renting “real estate owners against companies can make the rents unprecedented and cause the stores closing,” adding that the change will help maintain the operation of small companies.

She said: “This will help end the lesion of the vacant streets and anti -acceptable society that comes with them.”

Politics change came in a draft law that is primarily concerned with increasing the transfer of criticism in many areas of England and was not mentioned in the Labor Elections statement before the general elections last year.

A quarter of a century ago-in the 2001 election statement in the Labor Party-the party mentioned only rental reviews, describing them as a “source of grievance”, but the Sir Tony Blair government did not cancel the regime.

“A model small company in the building has faced increasing rents and rates among all other costs such as national insurance contributions, so this change must bring some comfort to small companies that negotiate the next rental contract,” said Craig Bouont, CEO of the Small Companies Union.

Melanie Lech, CEO of the British Federation of property, criticized this step, saying: “Interfering in long commercial leasing arrangements without any previous consultation or warning has no place in the statement of the statement.”

She added that the government was “mired in detailed market issues” instead of “focusing on the great image to enable and empower stakeholders from the public and private sectors … to work together to advance economic growth and create the prosperous city centers.”

The ministers hope that reform will address the problem of empty empty street stores by paying the average commercial rents throughout the country.

Last year, the government presented new powers “Street rental auction”, which allows councils to be auctioned from rental contracts in high streets that were empty for long periods.

“Small companies and community groups offer an incredible contribution to our cities, towns and our villages. But in many areas that are forced out of the high street because of the escalating rents – they left a lot behind,” said Jim McMahon, Minister of Local Government.

“Our draft law will not be fair from rented sentences in commercial contracts … Helping local high streets with the hearts of our societies again, with the plan for change.”