Who pays for a commercial lease, tenant or landlord?

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?

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?

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...
What should commercial landlord insurance cover?

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?

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...