Are you at risk of your buildings insurance being invalid?
Many land owners have taken the opportunity to convert redundant farm buildings into offices and workshops as a means of generating alternative sources of income. In most agreements the landlord insures the buildings and reclaims the cost of the premiums from the tenant.
As a result of the Regulatory Reform (Fire Safety) Order 2005, which came into effect on 1st October 2006, all those responsible for business premises have a duty to carry out a fire safety risk assessment. Failure to comply could lead to prosecution and a hefty fine but also be grounds for your insurance company not to uphold a claim.
Imagine spending £500,000 converting your farm buildings into offices only to lose it as a result of your tenants not having a fire safety risk assessment!!
Fisher German LLP specialises in estate management and providing advice on the letting of rural properties. With legislation continuously changing it is now more important than ever to take professional advice in order to ensure that your assets are protected.
For further information on Fire Safety Risk Assessment, click on the following link www.communities.gov.uk/fire or contact simon.geary@fishergerman.co.uk at our Knutsford office.
- Ashby de la Zouch
- 01530 412821
- Banbury
- 01295 271 555
- Knutsford
- 01565 757970
- Market Harborough
- 01858 410 200
- Newark
- 01949 851815
- Southampton
- 02380 883150
- St Helens
- 01744 451145
- Stafford
- 01785 220 044
- Worcester
- 01905 453275
