Local broker advice to keep empty properties safe

28th April 2016

IFM Insurance based on Tapton House Road is offering advice to local businesses to combat the risks posed to vacant commercial property, which they may have.

Commercial premises are often left vacant to accumulate in value, because the costs of letting may actually outweigh the building's rental value. Whatever the reason, vacant properties may carry additional risks for property owners, particularly when left empty for long periods of time. Squatting in commercial properties is not a crime and the process of evicting squatters using the civil courts can take several weeks and incur substantial legal costs. Evicting unlawful occupants can therefore be an expensive annoyance for commercial property owners. Vacant properties can also be at increased risk of crime. Theft is a significant risk, not just of contents but also of fixtures and fittings, such as pipework or boilers, which can be expensive to replace. IFM Top Tips Install good quality locks and burglar alarms and mobile security cameras Keep up a basic level of maintenance on properties, Ensure utility and electric systems are switched off to reduce the risk of fire or water damage Drain all fuel and water tanks and systems Arrange periodic inspections to check for signs of intrusion or evidence of damage or disrepair, e.g. water leaks, or potential hazards such as rubble, protruding nails or live wiring