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Avoid Common Tenant Issues When Renting Commercial Properties

Posted on 05Dec 2010

When renting a property, tenants need to be very cautious about the details of their lease. Unfortunately, it's easy to overlook a lot of things in the lease as it is extremely lengthy. The following are the common problems tenants might encounter when renting a commercial property. Repairs and Maintenance Generally, the tenant is responsible for the repairs and maintenance of the property. This will happen from time to time. Hence, be sure to get a survey to understand the physical state of the property you are leasing. All buildings, whether it is commercial or residential will suffer from defects at some point and you must be fully aware of the implications that might occur to avoid unexpected expenses while complying with the terms of the lease. Improvement Projects and Alterations In case you want to make improvements to the property, it is likely that you will have to ask the permission of the landlord first. The lease should state whether you are allowed to make some improvements without the permission of the landlord. It should also state whether the landlord can decline your request. If you have made alterations to the property and your lease has ended, you may be able to get compensation. However, this is not always the case, so seek a consultant's advice before making any improvement projects. Improvements and alterations may also affect the rent of your property. But this will depend on the terms of the lease. If the lease states that the landlord can review or change the terms, you might be able to get the benefits from making improvements on the premises. If you have questions or issues about the terms of your lease, seek a property consultant's advice. An expert consultant can help and protect your interests in the draft of the lease and the succeeding changes.  

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