For many small commercial landlords across the UK, especially in London, business rates remain one of the most significant fixed costs—even when properties are vacant or underperforming. In recent years, shifting tenant demand, retail closures, and tighter margins have pushed many landlords to seek business rates support and relief to maintain profitability and asset value.
At Fraser Bond, we work with small landlords and property investors to help them understand their business rates obligations, access all available reliefs, and implement cost-saving strategies that protect both income and long-term asset performance.
Business rates are a tax on most non-domestic properties, calculated based on rateable value (RV) as assessed by the Valuation Office Agency (VOA). As a landlord, you become liable for business rates when the property is vacant, unsuccessfully let, or when you’re in direct occupation (e.g. for refurbishment or use).
If you’re a small commercial landlord, you may be eligible for a number of business rates support schemes, especially if your property has a low rateable value or is temporarily empty.
If your property has a rateable value under £15,000 and is used for a single commercial tenant or is in direct occupation:
Properties with RV under £12,000 may qualify for 100% relief.
Properties with RV between £12,001 and £15,000 may get tapered relief.
You must apply through your local council and must not own multiple high-value commercial properties.
This is ideal for local retail units, small offices, salons, and light industrial spaces.
If your property is vacant, you are exempt from business rates for:
3 months for standard commercial premises (offices, shops, etc.)
6 months for industrial or warehouse units
After this period, full rates apply again unless you can:
Let the property short-term (to restart the exemption)
Prove it's unfit for occupation due to structural repairs (apply to the VOA)
Claim an exemption as a listed building or property under £2,900 RV
Local councils can offer discretionary support to landlords or owners who can demonstrate:
Financial hardship
Community benefit
Long-term vacancy with no viable tenant interest
This is less common but can be used as a last resort.
If your property’s RV has risen sharply after revaluation, you may be eligible for transitional relief to cap annual increases. Check the 2023 rating list for updated values.
As a trusted London property consultancy, Fraser Bond supports small commercial landlords by:
Reviewing your rateable value and checking for errors or appeals
Advising on SBRR eligibility and how to apply
Coordinating with rating surveyors and local authorities
Assisting with short-term lets or charitable occupation strategies
Managing compliance with void management, building control, and tenant handovers
We work with landlords across London boroughs and surrounding areas, helping reduce costs while maximising returns on small commercial units.
If you’re a small commercial landlord with an empty unit, struggling tenant, or uncertain about your business rates bill, Fraser Bond can help you unlock the right reliefs and navigate council processes with ease.
Visit FraserBond.com to schedule a business rates consultation or request a review of your current property portfolio.
