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Renting a commercial property #1546388
05/08/2015 23:22
05/08/2015 23:22
Joined: Feb 2007
Posts: 3,486
London Tan
technics Offline OP
I need some sleep
technics  Offline OP
I need some sleep

Joined: Feb 2007
Posts: 3,486
London Tan
Any words of advice or things to look out for, very new to this.

What are all the costs involved per annum?

Thanks, M


Now in the 400+ bhp club!
Re: Renting a commercial property [Re: technics] #1546519
07/08/2015 08:41
07/08/2015 08:41

J
Jonny
Unregistered
Jonny
Unregistered
J



The actual rental cost per month obviously depends on the property itself, but you have to consider you may also need to pay business rates, electricity and gas, along with property insurance and repairs if the contract is tenant repairing. You'll also have a deposit up front, which could be sizeable.

You can get small business rates relief if you qualify.

The lease will agree the terms- length etc, but be aware, if your business is relatively new, you may have to guarantee the payments personally, which, if you trade through a limited company, will negate any protection you have through that.

Re: Renting a commercial property [Re: technics] #1546522
07/08/2015 09:37
07/08/2015 09:37
Joined: Jun 2008
Posts: 1,306
Kent, South East
Cooperman Offline
Former Club Membership Secretary
Cooperman  Offline
Former Club Membership Secretary
My job on the forum

Joined: Jun 2008
Posts: 1,306
Kent, South East
The lease is important to check in detail as the terms can have long term implications such as full repairing and insuring liabilities so you need to check the building inc roof, services etc are in good condition, you don't want to get a large repair bill.


[Linked Image]
Re: Renting a commercial property [Re: technics] #1546828
11/08/2015 19:57
11/08/2015 19:57
Joined: Jan 2006
Posts: 3,069
cjh Offline
I need some sleep
cjh  Offline
I need some sleep

Joined: Jan 2006
Posts: 3,069
I'm in the same boat fella - currently looking for a premises
It's a eg of a job to find the right one



"Storm Brewing" +

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