Be carefull though as rates are 40% of the rent if not included .......suddenly works out expensive.......been there done that now rent a nice ex-cow shed
Anyone know about renting commercial property? Looking at a retail unit and on the particulars it says...
quote:
Premium:
Due to the considerable interest shown in this unit, we are instructed to look for premium offers, in excess of £xx
They want as much as anyone is prepared to pay.....bit like ebay the highest bidder wins.
Be carefull though as rates are 40% of the rent if not included .......suddenly works out expensive.......been there done that now rent a nice ex-cow
shed
Do make sure you are aware of what exact is and isn't included in the rent. As well as rates are you responsible for repair and maintenace as well then you will be expected to return the unit to the same condition that it was when you took over and before you move out. Known as dilapidations. If the landlord has to do this work after you have left, not only will you be chased for the cost of the work but probably for the loss of rent while the work is being done. There might also be work that you have to do like paint the outside every 3 years. All adds cost. It might seem like a pain at the time but a few hours spent reading the small print and making sure you understand everything is worth it and could save you £1000s in the future, or a least save you from some nasty shocks.