New property tool for business

Businesses in the UK face a myriad of choices concerning their property, so getting the right advice can be crucial. The ‘Property Solutions’ tool is a web-based device designed by RICS for the 3.7 million small and medium-sized firms in the UK to make sure their property arrangements are successful.

The tool offers information on: taking a lease, surveys and maintenance, valuations, property insurance, business rates, service charges, planning permissions, keeping records, and tax allowances.

Peter Faulkner, president of RICS, said: "A well managed business and great market prospects can be completely negated by the wrong property strategy. Finding the right premises, the decision to buy or lease, negotiating rent reviews, service charges and break clauses are all key to business success."

Brokers wanting to break into the commercial market can access the information for free on the RICS website at: www.rics.org.uk