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

@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.

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