The Complete Guide to Renting a Commercial Property The Complete Guide to Renting Commercial Property | Page 7

The Complete Guide to Renting a Commercial Property

Other Likely Costs
Local authority costs. These can include parking and waste collection.
Insurance. Contents insurance is a must for any company looking to protect its resources. In some
cases, you may also be held responsible for paying the building insurance, but be sure to check it.
Running costs and services charges. Much as you would be within a residential property, you will
likely be held responsible for paying bills on things like electric, gas, internet and other services.
EPC (Energy Performance Certificate). It's a legal requirement for any commercial property to
have an EPC before the lease is completed unless you're entering into a license or renting serviced
office space. Double check to ensure you won't be held responsible for paying these costs.
Deposits. This is usually the equivalent of three to six months' rent.
V.A.T. Some buildings have been elected for VAT, which will mean that you are required to pay
VAT on rents and service charges. Again, establish this upfront.

Commercial Property – Industrial Units, Office Space to Rent

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