What are the main costs involved in renting a commercial property?

17/07/2024

Rent and all outgoings such as business rates, gas, water and electric are the headline costs. The lease usually requires the tenant to contribute towards the building insurance and service charge, so these costs should also be factored in.

A cost which is often overlooked is the cost of repairing the property as required by the repair and decoration obligations at the end of the lease. If the standard required is not achieved tens of thousands of pounds can be incurred in dilapidations which are the costs incurred by the landlord.

17/07/2024
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