Standard commercial property lease terms explained
Looking for help understanding your commercial lease agreement? Renting commercial property is a big commitment – and the wording in contracts often doesn’t make things any easier.
Investing in commercial property can be a savvy move. Leases tend to be longer than those for residential properties, with UK businesses typically renting space for around eight years. That means you could be looking at a steady income stream for a number of years.
There are a lot of qualified tenant reps to choose from, so you need to make sure you find the right one. If you work in a specialist industry or have specific requirements, it is particularly important to find a tenant rep that understands exactly what you need.
As your business grows and you streamline your supply chain, you may need to add or reduce the number of warehouses you occupy and move your inventory around. Moving warehouses and altering distribution processes can be a daunting and overwhelming process for some.
Investing in commercial property can be a great way to grow your capital. But you’ll need to know what you’re doing if you’re to maximise the return. Because the property market can be unpredictable, limiting risk is key – but how exactly can you do this? Here are six steps to choosing the best commercial property.
The ‘Oxford-Cambridge Arc’, as it has been dubbed, connects the two cities to Bicester, Milton Keynes and Bedford, as well as 26 local authorities. The region is not only attractive for workers in the education, engineering and science sectors, but also a popular base for those commuting to London.
As well as being home to spectacular landscapes, stunning ancient architecture and a vibrant nightlife scene, Scotland is a fantastic place for SMEs. If you’re trying to decide where to set up or relocate your SME in Scotland, this guide should help you find an office space that is perfect for your business.
Our environment can have a huge impact on how we feel, interact and work. By making a few strategic changes, employers can maximise their workers’ creativity throughout the day. But this isn’t the only benefit; having a more ‘creative’ space can do wonders for employees’ mood, mental wellbeing and job satisfaction.
Business rates are a type of tax paid by most commercial properties in England and Wales. If you own a shop, pub, office, warehouse, factory, guest house or holiday rental home, it’s likely you’ll have to factor this charge into your yearly budget. Local councils send the tax bills to commercial landlords or their tenants in February or March every year.
A commercial lease is an agreement between a tenant/business and a landlord that outlines the terms and conditions of the property rental. In this blog post we’re going to explore the different types of commercial leases and who pays the property taxes – landlord or tenant?
If you’re thinking about investing in commercial real estate you’ve come to the right place. Making a real estate investment isn’t quite as complex as you’d think, and it’s known to generate some of the most impressive income streams. It’s important to remember to stay patient, carefully consider each decision and do your due diligence.
The industrial property industry is constantly evolving. Due to the rise in online shopping, one area of significant growth is the demand for retail distribution and logistics properties. There are many factors to consider before you start your search for an industrial unit, but this guide should help you feel more confident about the leasing process.
A typical person spends an average of 84,171 hours at work over the course of their career. And if you’re spending that many hours in a dull, cluttered office, it’s likely to make you feel uninspired and chaotic too. So, how can you apply queen of clean Marie Kondo’s approach to make sure that your office is sparking joy for you and your team? Here’s our guide to giving your office a Marie Kondo makeover.
Scotland is the UK’s most northerly territory and is a country in its own right that makes up the northern third of Great Britain’s main island. Though it became part of the UK in the early 18th century, Scotland has many distinct laws to the rest of the country and has its own parliament and government. Around 5.4 million people live in Scotland.
The cost of renting or buying retail space in the UK varies from city to city. As you might imagine, setting up shop in London will cost considerably more than in other areas, so it’s important you can justify the extra expense. When you look for average costs, most companies will advertise their spaces with a price per square foot or square metre. This means you can easily compare the cost of all your options to find the best deal for you.
Category C properties are a great opportunity for investors – as long as they are open to risk. They tend to be over 20 years old and located in unpopular areas, so there is plenty of room for improvement and growth. But to understand the benefits of a category C property, it is important to understand how the system works, first and foremost.
Cardiff is both the capital of Wales and its largest city, hosting the country’s National Assembly and most of its national cultural institutions. A hive of commercial activity, Cardiff accounts for around 20% of Wales’ GDP, which in 2007 was around £9 billion.