Business Rates increases catch out unsuspecting London office tenants
Morgan Pryce, the London based commercial property agent, has seen a sharp rise in the number of unrepresented tenants who are being caught out by large business rates increases that they had not anticipated when signing a new lease. In agency parlance, unrepresented means a tenant dealing directly with a Landlords agent without having specialist advice from an agent acting solely on their behalf. With the growing power of the Internet, it is more common for tenants to try and bypass the traditional acquisition model in