The Ipswich Flyer IpswichFlyer_Sep2018_For_Web | Page 7

Business The News Flyer Kesgrave Allotment & Leisure Gardeners garlic. Pumpkins should be shaping up nicely in readiness for eating or carving for Halloween – reminding us that Autumn is just around the corner. September is all about harvesting - so dig up your onions – and keep them somewhere light and dry, and dig up your potatoes but keep them somewhere dark and dry! They both need to be kept away from the frosts too. You may also have strawberries and raspberries to harvest still and of course apples and pears. Now is also the time to prune fruit trees and bushes. Lots of summer plants will now have died or be dying off so do have a good tidy up and put them into a compost bin if you have one. In terms of sowing – any earlier sown Spring cabbage can be planted out now but should be protected with fl eece. Oriental vegetables can also be sown – as can over-winter onions and Continued from Page 6. Savers When base rates rise, so do savings rates, in theory. But it depends on the extent to which banks and building societies want to increase their deposits. So after November’s rate increase, banks were slow to pass on any rise to savers, or they typically passed on a fraction of the full increase. In fact, half of all savings accounts did not move at all after the last Bank rate rise in November. Commentators Our Open Day this year is on Sunday 9th September where allotmenteers get together and share food and stories – not purely gardening-related! It runs from midday until 2pm – so if you’re thinking about the possibility of taking on an allotment why not pop along and have a look round and meet some of us for a chat? This year in addition to our usual vote for the best plot competition we are also planning a best scarecrow competition. If you’re interested in taking on a plot please contact: our Membership Secretary, Angela Brown, on 01473 612283 or by email at membership@ kesgrave-allotments.org.uk . Sally Peckham say savers could probably expect something similar this time. For the average Cash ISA saver with £11,200 locked away, the latest rise - if passed on - could mean £28 more a year in interest. What next? Contact Terry Weller at Lifetime Financial Solutions, Tel [phone] or email Terry@lifetimefi nancialsolutions.co.uk Lifetime Financial Solutions offer Independent Financial & Mortgage Advice. P le a s e m e n t i o n ‘ T h e F l yer ’ wh en r esp o n d in g t o ad ver t isements Tenant break clauses – don’t end up with a broken heart! It is common to fi nd that commercial property leases include a break clause giving the Tenant the right to terminate the lease early. This gives the Tenant an escape route if, for example, the Tenant’s business does not perform well or, if they want to move into bigger premises before the end of the lease term. Landlords will specify pre-conditions for the operation of the break, such as the Tenant must have paid the rent, and performed and observed its covenants and conditions. This will prevent the Tenant from exercising the break clause if there is a subsisting breach of covenant at the relevant time, no matter how trivial the breach. Ideally the only pre-conditions to the Tenant exercising the break should be that they are up to date with the rent, give up occupation and leave behind no continuing subleases. Disputes about the state of the premises, or what has been left behind or removed, should be settled later (like with normal lease expiry). Even such limited pre-conditions can be a potential trap for the unwary Tenant. For example, will the Tenant be entitled to a refund where they have paid rent in advance for a full rental period, but the break clause has brought the lease to an end in the middle of the rental period? Break clauses will require the Tenant to give notice to the Landlord (usually 3 or 6 months) and will often stipulate the form of the notice, and how it should be served. A Tenant who does not comply exactly with these terms, will usually fi nd they have lost the right to exercise the break. Good legal advice from a solicitor experienced in drafting commercial leases, and who can advise on the wording of a break clause, will invariably pay for itself, and reduce the risk of getting it wrong. For further information please contact Stephen Roy by email at [email protected] or call on 01473 255591. This article provides only a general summary and is not intended to be comprehensive. Special legal advice should be taken in any individual situation. T H E FLY E R | S E P T E M B E R 2 0 1 8 7