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Commercial Lettings
Commercial lettings and looking for commercial property can be a laborious affair. Finding agents as well as property isn’t straight forward and there are a number of things to consider, nuances and risks to weigh up, as well as benefits and what may be a commercial success or a commercial failure. Commercial lease solicitors can help you draft a list of things to consider before looking for commercial property. The more standardized residential letting is quite different to commercial leasing. Once you identify the ideal property for your business, you need to decide whether you want to buy it or enter into a lease agreement. There are a number of things to consider before you start looking for a commercial property to host your business.
Commercial Lettings – List of Things to Consider
- Area
- Rent (per annum (excluding business rates, service charges and all other outgoings)
- Rent Terms (if flexible or fixed terms)
- Location
- Lease
- Rates
- Deposit
- Services (if mains electricity and water are connected to the property)
- Service charges (per annum or quarterly) and what will cover)
- Planning and VAT
- EPC Rating
- Insurance (who insures the building)
Legal Advice for Commercial Lettings
If you decide to lease the property that will host your business, you need to seek advice from accountants, brokers, possibly investors and lenders, but definitely you need legal advice from business lawyers and commercial lease solicitors. If you find a law firm that specializes in business law, as well as commercial property buying and leasing, then you’ve found everything you need for your business. With an array of business advisors, accountants, investors and legal experts, all in a one stop shop, the laborious work is in the capable hands of solicitors able to offer end to end commercial property services. SG
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