Can you break a commercial lease early?
One of the key steps in commercial property conveyancing is to examine the commercial lease, including each of its clauses. If you are inheriting a commercial property with existing tenants, you will also be inheriting the lease agreement. This post aims to provide...
Can two people be landlords?
Investing in property to let can seem like an intimidating prospect for first time landlords. However, joint ownership is quickly being recognised as a way to lessen the burden of the initial purchase of a rental property. Couples might also want to sub-let a room in...
Who pays for a commercial lease, tenant or landlord?
Commercial leases are legally binding contracts that exist between a landlord and a tenant that’s occupying a property for business purposes. The lease establishes the rights of both parties in entering into the agreement, as well as what is expected. There are also...
Is a commercial property worth more with a tenant?
Make no mistake, buying commercial property is an investment. This means that buyers should seek to generate a return on the money spent on commercial property purchase, either through utilising the property for business purposes or by making improvements to the...
Do landlords pay council tax?
As you likely know, council tax is a type of tax set by local authorities in order to raise money for local services. This includes rubbish collection, road repairs, funding charities, and much more. Council Tax is collected on a monthly basis, with the amount varying...
How long does it take to complete a commercial property sale?
Whether you are choosing to sell your commercial property or invest in expanding your portfolio/business, it’s important to know how long the process could take. For instance, knowledge of the timeframe will help you plan for your company’s next expansion. Having...
What should commercial landlord insurance cover?
Insurance policies are essential for any property owner to protect their investment and any assets kept on the premises. This is especially important for commercial property that is occupied by tenants on a leasehold basis. Here, landlords must consider the type of...
What is an Authorised Guarantee Agreement in land law?
For those who are entering into a commercial lease, or commercial landlords who are leasing their premises, Authorised Guarantee Agreements can instil responsibilities on the parties involved. This may amount to obligations found within the tenancy agreement that...