It is important to understand what information tenants look for when they consider renting a commercial property. The principal points are suitability, location, rental and other associated costs. A range of additional information should be provided to prospective tenants, in order to secure an early letting. Details that should be available on request include:
It is not compulsory to provide all of these documents (i.e. local searches, planning permission). However, it is considered best practice to provide a comprehensive pack. This could result in reduced legal fees by negating several requests from tenant’s solicitors seeking information on a piecemeal basis. The added benefit may result in a quicker completion of the transaction and improved cash-flow.
Commercial Property Landlord’s Guide
Lease Vs Licence