The vacant space handback scheme is an arrangement which allows commissioners to pass the liability for eligible vacant space back to us.
We will then use our expertise to re-use the space via re-letting, disposal or development.
Download our leaflet ‘Vacant Space Handback Scheme: A guide for commissioners’ to find out more about the scheme including eligibility and the application process.
To qualify for the scheme, space identified must meet the following criteria:
A vacating payment will be charged to customers which covers liabilities for a fixed transition period following the space becoming surplus to requirements.
The vacating payment is dependent on tenure (freehold or leasehold) and takes in to account that the space is vacant.
The vacating payment is six months’ accommodation costs for freehold/long leasehold or 12 months’ accommodation costs for all other leasehold. There is a 50 per cent discount if the property has been vacant since 1 April 2016.
Costs relating to dilapidations and reinstatement are dealt with as stated in the Charging Policy 17/18.
To qualify to take part in the scheme, commissioners should:
If you are unsure if your space qualifies for the scheme, please speak to the vacant space team by contacting email@example.com.