A Landlords Guide To Renting Commercial Property

Guide To Commercial Rentals

Lex Allan Commercial’s step-by-step guide to letting Commercial Property is designed to take landlords though the letting process, from deciding how much to market your property for, all the way through to full Property Management.

Before You Let Your Property

If you are thinking of letting your commercial property, you may wish to consider the following:
• Mortgage – If you have a mortgage on the commercial premises you wish to let, you will need the permission of your lender to let the commercial property. Most lenders will gladly provide you with this.

• Lease Restrictions – If you wish to let a leasehold commercial property, check your lease to see if there are any restrictions within it or whether it contains important restrictions which may affect the in-going tenant, such as user restrictions.

• Certificates – You may need to possess or obtain certain safety certificates to legally let a commercial property that you own, which should be given to the new tenants before they move in. These may include:

• Gas – All gas pipe work and appliances need to be checked for safety if the boiler services more than one occupier within the building.

• Energy Performance Certificate—Before commencing marketing, an EPC will need to be issued. This certificate gives the tenant an indication as to how energy efficient the premises are. We can help with this.

• Building and Contents Insurance – You should inform your building and contents insurance company you will be letting your commercial property-remember, the tenant will be expected to reimburse the pro rata Building Insurance Premium to you.

• Clean – You will need to clean your commercial property thoroughly before the new tenants move in. It will then be their responsibility to return the premises in the same condition at the end of their lease/occupation.

Choosing A Commercial Property Agent

For peace of mind, a commercial property agent, such as Lex Allan Commercial, is able to offer advice and guidance in a number of areas:

• Marketing – We promote your property on multiple media platforms, both on and offline, to present your property to a very broadest audience

• Specialist Knowledge – We have a working knowledge of  all the legal documentation you need to protect your property and rights when letting out your commercial property

• Extensive Database – We have a range of clients looking for commercial property to rent, many of whom may be the ideal candidates for your commercial property.

• Thorough Vetting – We will obtain and check references from prospective tenants and even run credit checks, to assess the financial credibility and suitability of any prospective tenant/s who wishes to rent your property.