Use your initiative

Heighton, Mark

Use your initiative - 2008 - Estates Gazette (0804) 2 February 2008, 164-165(2) .

Examines the increasingly popular trend of landlords to boost their income by commercialising their non-lettable space. Popular schemes include advertising hoardings, branding and advertising opportunities, snack and ice-cream vans, ATM installations and vending machines. Considers the implications for lease terms. Outlines landlord requirements under the RICS code of Service charges in commercial property (L133990). Also addresses the common practice of appointing a third party to deal with commercialisation opportunities.


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