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Owning an empty residential property has always made property owners vulnerable to trespass, damage and even significant financial loss from squatters. Changes which were made to the Law of Trespass in 2012, mean that squatters risk sentences of up to 6 months in prison and significant fines of up to £5,000. Despite this, an increasing number of commercial properties and industrial premises are targeted by squatters.
According to data shared by the Leeds Building Society there are estimated to be 676,452 empty houses across the UK (in 2023). The total of long-term empty homes increased from almost 5% over 2022.
Derelict commercial or residential properties need to be made secure against weather and vandalism, to avoid unnecessary disrepair, vandalism or weather damage.
Despite the fact that an empty commercial property is not generating income, where securing the premises is concerned, it’s definitely worth spending a little to save a lot. Having intrusion from trespassers who then choose to remain in the property as squatters can generate significant costs to owners, for example in terms of:
As with anything related to property matters, there are low-budget as well as more costly options for protecting your property. However, whatever the budget, something to be mindful of is that security is not only preventative, ie: making it as difficult as possible for entry to be gained, but it should also act as a deterrent because heightened security which deters squatters will also discourage opportunist thieves, vandals and criminals from entering the property. So what can you do?
Finally, and importantly in respect of prevention, do speak to your insurers as soon as you know that your property is going to be vacant. Many insurers have their own checklists of basic security they require in order for their insurance policy to remain valid, so do speak to them, identify any particular recommendations or requirements they have and then following these up. Although being in contact with your insurance company won’t necessarily prevent squatters from entering your building, there may be an action on their specific checklist which proves to be vital in relation to your particular property. Additionally, having your insurance company onside certainly helps to reduce stress and financial implications when it comes to feeling secure about your empty property and in maximising your protection against squatters.
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