The Complete Guide to Renting a Commercial Property The Complete Guide to Renting Commercial Property | Page 8

The Complete Guide to Renting a Commercial Property

Rent Deposits, Guarantees and Other Financial Matters
As part of the agreement, the Landlord should provide full details of
expected costs involved when leasing the property, including:


Bank guarantees



Company guarante es



Security deposits



Maintenance costs



Rent costs



Service charges



Utilities

If a deposit is required (which it often will be) then the conditions under which it is taken should be
made clear. The deposit is your money, not the landlord's.
It may be that you're asked to provide some form of guarantee. Whether you choose to do so is
entirely up to you, but do not use your home as security (this is sometimes requested). Be sure that
you are clear in which circumstances your landlord may call on the guarantee you give, and also
what the guarantee will be expected to cover.
NOTE. The best way to think of a guarantee is what would happen if it was called on the first day of
the lease: would you be able to handle the consequences?

Commercial Property – Industrial Units, Office Space to Rent

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