The Complete Guide to Renting a Commercial Property The Complete Guide to Renting Commercial Property | Page 11

The Complete Guide to Renting a Commercial Property

Service Charges
As is the case with residential property rental, service charges are
typically included as part of rental rates.
However, you should always ask the landlord to be explicit regarding which service charges will be
included and how you'll be calculated. Also check whether you'll be asked to contribute to any
capital improvements, such as:


Long term repairs or replacements of structures



Repairs of fabric



Maintenance and repairs of machinery and equipment

Repairs are often a contentious issue. You should establish whether or not it'll be your responsibility
to carry out works on the property during the lease period. On some leases, the occupier will be
required to put the property into a better condition than it was in when the lease was actually taken,
so ensure that this isn't the case. You will, however, usually be required to keep the property in the
same condition it was in when you took the lease.
It's also a good idea to check if any alterations or improvements will be covered under the landlord's
policy.

Commercial Property – Industrial Units, Office Space to Rent

11