Turnover lease rent is either entirely or partially based on the turnover produced by a commercial tenant. Rent may be decided purely on turnover itself or it may be that an additional turnover rent is charged over and above a guaranteed ‘base rent’ when the turnover reaches a certain level.
Several property experts have said that the Scottish commercial property sector is well on the road to recovery in 2022, following challenging times during the Covid-19 pandemic. Investment in the sector rose by 24% in 2021, with investment in the fourth quarter up 27%. In total, £1.3 billion was invested in the Scottish commercial property market last year, despite the challenges of the new Omicron variant.
If you are inheriting your family home, you may have many questions about how this works. What if you want to live in the property? What happens where you must share the inheritance with your siblings? In this article, we look at some of the most common questions we are asked about inheriting a family home in Scotland.
New Year can be a great time to start estate planning. It can feel like you are getting ahead on organising your affairs, and is an opportunity to reflect on any changes in your life that have taken place over the last year. If your New Year’s resolution is to get your affairs in order, this article is a good place to start. Here we run through some of the key things you need to consider during the estate planning process.