Mothball’s 3 simple steps to save 65% to 75% on your empty rates outlay
Step 1
Inform our team of the rateable value of your property and we will tell you how much we can save you.
Step 2
Fill in a simple form providing our team with a few more details and we will provide a fit-for-purpose lease and agreements for you to sign & return.
Step 3
Our unique, transparent, turnkey solution will ensure that all of the rates demands for your demise will cease. We’ll then handle all communication with the local authority for the three-year duration (of the lease), or until you request surrender, either in full or part.
Mothball provides a tenant company that enters into a unique, fit for purpose lease on your vacant commercial property.
Proven to be a legally effective device in both the High Court and the Court of Appeal, our fit for purpose lease is meticulously worded to be clear and transparent to all relevant parties.
ㅤㅤㅤㅤㅤㅤㅤㅤ
ㅤㅤㅤㅤㅤㅤㅤㅤ
The tenant company occupies the property from where it trades, demonstrates, and stores its smart building technology.
After thirteen weeks the tenant company exits the property. All of it’s liabilities to suppliers, VAT, and Corporation Tax are discharged. The balance of monies realised from its activity is distributed to the members and it is formally closed as a solvent limited company. Consequently your property is now exempt from vacant rates by law.
Our fit for purpose lease
Our lease has proven to be a legally effective device in the High Court and the Court of Appeal.
The key features of the lease, prepared at our cost are:
- Three year term
- Outside of the Landlord and Tenant Act 1954
- Not registered with the Land Registry – no requirement to do so
- The only liability that transfers to the tenant is the rates, all other liabilities remain with landlord, i.e. insurance, security, utilities, etc.
- £1 per year rent (if demanded)
On completion of this lease you will have successfully transferred the rates liability to our tenant company.
Contact us
Get in touch. When the lease commences your
rates liability will have been removed.
