Taking out a new commercial lease may be exciting, as it may widen up opportunities for one’s business. It may also be a risky and potentially onerous move if the proposed terms are not carefully examined. To avoid unnecessary stress and expense, the tenant must fully understand its responsibilities under the lease. Leaving rent payments aside as they are self-explanatory, it is worth looking at repairing covenants.
Whether you are a seasoned property investor or you are selling your property for the first time, one of the most important documents you will have to fill in during the process is the Property Information Form.
Since October 2015, landlords have been subject to stricter regulations when it comes to supplying their tenants with certain pre-tenancy information. Unfortunately, there are many landlords who are still not aware of these requirements and their omission can cost them the ability to evict their tenants.
Taking out a new commercial lease may be exciting, as it may widen up opportunities for one’s business. It may also be a risky and potentially onerous move if the proposed terms are not carefully examined. To avoid unnecessary stress and expense, the tenant must fully understand its responsibilities under the lease. Leaving rent payments aside as they are self-explanatory, it is worth looking at repairing covenants.
This might turn out to be an illustration of the law of unintended consequences. The problem lies in the neatly titled "Consumer Protection from Unfair Trading Regulations as amended by the Consumer Protection ( Amendment) Regulations 2014." You will not be surprised to know that this all originates from an EU directive.
