I am still fairly new to dealing with empty properties so I just wanted to check something please.
We are looking to complete a large amount of works on an EDMO property, however based on the rent that was within the management plan, at the end of the 7 years we will still have a large deficit. From my understanding, the remainder of that money cannot be left as a land charge without the freeholders consent. Is our only option to extend the EDMO for another 7 years in order to receive all of the money back through rent?
Any advice on this would be greatly appreciated.