Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Know Your Rights as a Commercial Tenant

% of readers think this story is Fact. Add your two cents.


Real estate experts Homelet recently reported how the UK government is revamping its laws regarding tenancies in response to a recent swathe of so-called “revenge evictions.”

Given how common it is for companies to rent office space, it’s crucial that you, as the tenant, are aware of both your rights and the rights of your landlord.

Signing the Lease

When you sign the lease to your office, or other business premises, you are generally committing to a fixed period of years. This lease term can only be ended early if you had an agreement with your landlord to do this. If this isn’t the case, then you are contractually obliged to fulfill your part of the agreement, though if you have a good relationship with your landlord you may be able to renegotiate the contract. If this isn’t possible, you can try to find another tenant to take up your contract or payout your existing contract so your business can move on early.

If the rent is unpaid for a prolonged period of time, usually somewhere between the region of 14-28 days, the landlord is within their rights to change the locks of the premises. Unlike owners of residential properties, commercial landlords do not need a court order to retake possession of the leased property. Because of this, it’s vital that you be very careful about any contract you sign. Make sure that it’s right for your company not only in its current situation but in the long-term as well.

Health and Safety

While most responsibilities of the tenant will be based on the specifics of your contact, you are also required by law to perform a health and safety risk assessment. You are responsible for fire safety, keeping any electrical or gas equipment up to code, managing asbestos levels, providing safe drinking water, and maintaining a reasonable temperature with adequate space, ventilation, and lighting for your employees.

Because many commercial landlords seek to avoid any responsibility for repairs on commercial premises, much of this responsibility is attempted to be placed on the tenant. If this is the case, the tenant can find themselves with many costly bills at the end of their lease. To avoid this, read your contract carefully and look for the phrase “full repairing and insuring” (FRI) obligation. It’s well-advised that the tenant should try to limit his or her responsibility in maintaining the premises. To make sure that the landlord cannot spring any surprises at you at the end of your contract, you should thoroughly log the condition of the facilities in your first days on the premises.

Being knowledgeable about the subject is the best way to prevent any unforeseen expenses. Speak with your landlord about any terms you don’t understand or bring in a third-party to ensure there are no surprises.

The post Know Your Rights as a Commercial Tenant appeared first on Launch Your Business, Improve Profits and Create Wealth.



Source: https://www.epiclaunch.com/know-your-rights-as-a-commercial-tenant/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.