Questions To Ask When Renting Commercial Property In The West Midlands
If you need to rent commercial property in the West Midlands then you’ve got a lot of choice for areas to find property. The area has a rich history of industry and so many types of buildings are available, however, where ever you decide to rent, it is important that you ask your agent the right questions, so you understand everything about your rental agreement.
Who is responsible for what?Internal and external maintenance: Find out if it is you or the landlord who is responsible for wear and tear on the property, both internally and externally. Also try to find out what is classed as wear and tear.Meeting the standards: Find out if the building meets the standards for health, fire and safety and that it has any certificates you need. Also find out who is responsible for maintaining and checking these standards.Insuring the building: Find out if you’re responsible for the building as well as the contents insurance. It may be included in your rental fee.Getting the correct classification: Find out that the building your intend to rent has the right classification to run the type of business you intend.Disabled access requirements: Find out if it is you or landlord who is responsible for making sure the building meets the required standards.Your rent and what it coversWhen and how it’s paid: Find out when and how the rent should be paid. Also find out what happens if your payment is ever late.Your deposit: Find out how much your deposit is, but also the terms of claiming back your deposit at the end of your tenancy.What’s included: Find out what your rent covers, for example, business rates, site security, share facilities, cleaning services etc.Possible changes: Find out what possible rental reviews there will be in the future.The premises itselfRestrictions on usage: Find out if there are any restrictions on how you can use your building, for example, are you allowed to sublet.Access: Find out what access you have or don’t have, and whether this might restrict the running of your business.Security: Find out what security is available for the site and whether it’s up to standard and how it’s paid for.Ending your lease
Even though you’re just thinking about starting your lease, you need to think about when it ends too.Break clauses: Find out if you should break your lease early, what penalties are levied.What to do next
Now you know what questions to ask, it’s time to start contacting some agents to find soem West Midlands commercial property and see what’s available on the market.