Lamport Bassitt Solicitors - Legal News - Security warning issued to commercial property owners


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Security warning issued to commercial property owners Owners of commercial property on UK high streets have been warned to make sure they have the right insurance in place in case they are subject to criminal attacks. According to Local Data Company figures cited by Aviva, retail property vacancy rates across the UK rose by two per cent over the last six months to 12 per cent. Some towns, meanwhile, have vacancy rates of up to 24 per cent. Allister Smith, property risk manager at Aviva - which claims to serve a global customer base of over 50 million - said it is now more important than ever that commercial property owners take action to ensure their buildings are protected and insured. He added: "Landlords should notify their insurer, implement risk management measures at the time a building is vacated and ensure continued compliance with their insurance policy conditions." Mr Smith also pointed out that owners have a duty of care to anyone visiting their properties, so they should ensure all hazards are removed. Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News