When looking at renting a property for business, what would recommend we look out for? Any hidden fees?

Published: 13th January, 2016

@oh_dye_creative

Costs to look out for when renting for business purposes:

  • VAT (if you are not VAT registered – unable to recover)
  • Setup: – Solicitors fees for checking/drafting the lease
    • – Cost of Schedule of condition (basic is c. £400)
    • Connection of services and utilities (telecoms, broadband etc)
    • Shop fit/renovation
    • Insurances/Services Charges (Annual)
    • Rates

We recommend you use a competent person to check your lease thoroughly as all costs/liabilities will be detailed.

< Back to #UKLEGALHOUR