The following are implications that businesses affected by the fire should be aware of and associated action to take:
For Those Who Rent Business Premises
· Check your lease:
i) Can you withhold rent where occupation is not possible? Ensure any rent suspension clause is activated immediately.
ii) Is there a reinstatement period for any repair works to be undertaken? Is this likely to be complied with?
iii) Were you intending to remain in your premises long-term? If not, is there a break notice that could be operated in the near future?
iv) Can you withhold service charge and other payments?
· If you are unable to operate from your normal business premises, you may be eligible for business rates relief.
· Does your insurance policy include a claim for business relocation/loss of profits?