Property Managment - Void Units

Question 1

How would you go about managing an empty building?

Answer 1

• Ensure insurance is in place
• Meet insurers requirements – usually weekly/fortnightly void inspections to be reported on
• Carry out a risk assessment – do you need to improve security
• Pay utilities
• Pay service charge if applicable
• Ensure properly maintained

Question 2

What do LL need to consider when a unit becomes void?

Answer 2

• Utilities – complete the cot
• Void rates – what are the current relief
• Rates mitigation?
• Service charge voids
• Insurance obligations

Question 3

When do you get vacant rates relief?

Answer 3

Council Dependent.
Glasgow City Council:
* 100% Relief can be given for the first 3 months that a property is unoccupied.
* 10% Relief will then be available for up to a further 12 months resulting in a total of 15 months Relief being available
* A minimum period of 6 months continuous occupancy is required before a new application for Empty Property Relief can be considered

Question 4

When was the last Rates Revaluation / when is the next scheduled?

Answer 4

• Last completed in 2023
• Carried out every three years

Question 5

What vacant rates relief would you receive?

Answer 5

Glasgow City Council:
* 100% Relief can be given for the first 3 months that a property is unoccupied.
* 10% Relief will then be available for up to a further 12 months resulting in a total of 15 months Relief being available
* A minimum period of 6 months continuous occupancy is required before a new application for Empty Property Relief can be considered