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Why should I be concerned about leaving commercial property empty?

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Question

Why should I be concerned about leaving commercial property empty?

Answer

Vacant buildings are at heightened risk from fire, deterioration and criminal activity. The reputation of property owners can be damaged and relations with neighbours put under strain. In addition, insurance premiums for long-term vacant properties can often be high unless those responsible can show they have taken a broad range of sensible precautions. Owners and managers of vacant property have a ‘duty of care’ to anyone entering the building.

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