Hi
Can someone advise me of the normal arrangements in regard to who pays WHAT outgoings in relation to a commercial property. My understanding is that the tenant pays all outgoings, including lease preparation costs, but excluding some repairs.
I would appreciate some clarification please.
Cheers
Punter
Originally posted by gtbus12776:Hi
Can someone advise me of the normal arrangements in regard to who pays WHAT outgoings in relation to a commercial property. My understanding is that the tenant pays all outgoings, including lease preparation costs, but excluding some repairs.
I would appreciate some clarification please.
Cheers
Punter
It is base on the negotiation in the leasing contract. If you negotiate for tenant to pay for everything except interest on loan then put everything in the leasing contract….no evidence….useless…
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Punter,
Usually, the tenant would pay all the outgoings, however, like all contract negotiations, it depends on the parties and what they deem to be applicable to them.For example, a family member owns a commercial building in mebourne CBD and upon commencement of last lease, the lessee had to undertake extensive internal renovations/upgrades. Part of this was an element of repairs. In consideration of this, a reduced rental for the first 6 months was negotiated.
James
Remember everythings can be negotiate up front.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]
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