Nothing to Worry About: How Verity Relieves Empty Rates Pressure for Landlords

6 June 2023, by Verity Editor

A businessman relaxing and smiling

Between retaining tenants and managing multiple properties, the life of a landlord is very rarely a calm one. There’s one area of the profession, however, that Verity believes should be free of stress: empty property rates.

When your commercial property is empty, it’s only a matter of time before there are empty rates to start paying. Navigating these liabilities and securing relief for them can be a challenging prospect.

Unfortunately, many rates mitigation providers offering to help only make themselves marginally useful by taking the property on for the 6 weeks’ occupation period, before leaving the landlord to deal with the relief on their own.

More often than not, however, landlords lack the insight into the complex rules surrounding empty property rates, and thus aren’t offered relief on what they owe. Hence, they’ve paid for a service from the provider, without receiving the relief.

As you can imagine, this becomes another source of stress for landlords, who find themselves out of pocket and without help from the government. Options are then limited to paying huge fees, desperately taking on an unsuitable tenant, or simply selling the property.

At Verity, we saw the pressure being placed on landlords and opted to provide a totally unique offering within the industry. Unlike other rates mitigation providers, Verity take on the entire rates liability for the full duration of the property being vacant.

In short, there’s no need for the client to apply for the relief, as Verity are liable for all the rates and relief for the full period. That means the landlord has nothing to do or worry about – it’s all taken care of by our team of experts.

Our unique offering recently saw us recently welcoming a number of blue chip clients and their large industrial units to the Verity family, and they can now enjoy a much less stressful life, as we are responsible for their commercial properties – from day one of their vacancy, all the way until a new tenant is found.

Commercial landlords do an excellent job providing businesses with dynamic workplaces, retail spaces, and industrial units, so it hardly seems fair for them to suffer when their properties are empty. That’s why Verity are proud to offer this unique service, removing landlord liability and making their lives just that bit less stressful.

Do you have a vacant commercial property which you’re liable for? Get in touch and let Verity take the pressure off you.

I have used Verity for several years and I am happy to recommend them. They provide an efficient service in a timely manner.

John Roberts

Related articles

  • Autumn Budget 2021: What’s in store for Business Rates?

    Autumn Budget 2021: What’s in store for Business Rates?

  • Challenges Facing Landlords Today

    Challenges Facing Landlords Today

  • Changes to Business Rates Appeals: A Helping Hand or a Hinderance?

    Changes to Business Rates Appeals: A Helping Hand or a Hinderance?