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How large is my building – GEA, GIA and NIA?

Surely measuring a medical/commercial property is straightforward? So why can two surveyors come up with two different measurements? The answer is that the area of the premises will vary depending on the purpose. For instance, if you needed a valuation of your premises or wanted to appeal your notional rent, the valuation surveyor will use […]

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Lease or Licence?

Practices allowing associated health professionals to use space within their premises must be careful not to unwittingly grant a lease as opposed to a licence to occupy space. When it comes to commercial law there is no subject quite as abstruse as how a lease and a licence differ. It is essential to distinguish whether […]

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What’s the difference between Notional Rent and Cost Rent and how are they set?

Notional Rent and Cost Rent are both forms of reimbursement under the Doctors Rent and Rates Scheme. The Doctors Rent and Rates Scheme is a framework for establishing the funding and reimbursement to GPs for the provision of premises and services on behalf of the local PCT. Whilst existing premises are due reimbursement by way […]

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A local pharmacy has approached us with a view to setting up in our premises. What effect will this have on our Notional Rent?

The answer to this query really depends on the space which the pharmacy will occupy.  If the space that has been identified is currently within the space that is being reimbursed by the PCT then your reimbursement will have to be adjusted to take this into account, obviously resulting in less Notional Rent being received […]

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