Help!

Viewing 8 posts - 1 through 8 (of 8 total)

jimmyboy
Member
@jimmyboy
Join Date: 2008
Post Count: 4
October 26, 2009 - 1:05 am
Hi everyone,
I have a question to ask in relation to commercial leasing.
I am looking to lease a retail shop which has a single bedroom dwelling attached at the rear of the premise. Is it possible for me to lease out the dwelling? must this be stated in the terms of the contract?
Any help on this matter would be great.
Thank you in advance.
Jim
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
October 26, 2009 - 2:08 am
You will generally need permission to sub-lease out party. Have a read of the lease agreement, it will probably be covered.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Scott No Mates
Participant
@scott-no-mates
Join Date: 2005
Post Count: 3,856
October 26, 2009 - 3:16 am
It would be extremely rare to find a lease which would allow subletting without reference to the Lessor. In the commercial sense, the lessor may also need to seek mortgagee consent to the subletting as well.
rickypleas
Member
@rickypleas
Join Date: 2010
Post Count: 22
January 27, 2010 - 2:15 pm
I need extra help to reach people who wants to get the best real estate deal online. It would be great if you can show me your site and share your thoughts on how did SEO and web 2.0 strategies helped you in selling your products and services.

FREE Video reveals an Automated Social Marketing WITHOUT Spending More than 5 Minutes Per Month at your Computer

marx3bull
Member
@marx3bull
Join Date: 2009
Post Count: 86
January 27, 2010 - 2:44 pm
There is a lease agreement with which you must go on. In case of commercial leasing, I think it will be listed in the term of contract. I request you to mention your site so that we can help you out more specifically.
_____________________
Male Yeast Infection Cure
secureserver1
Member
@secureserver1
Join Date: 2010
Post Count: 13
January 28, 2010 - 6:30 am
Most commercial leases will state that you can sublease with Lessor consent, however the lessor cannot reasonably withhold such consent. Definitely something you need to make sure is covered in the lease agreement if you intend on doing it.
jameschancelor
Member
@jameschancelor
Join Date: 2010
Post Count: 1
March 4, 2010 - 8:19 pm
I don't see why not. There are many people who are using their commercial property that they own and rent a space adjacent to it.
urbanedge
Member
@urbanedge
Join Date: 2010
Post Count: 34
March 8, 2010 - 8:18 pm
as far as my knowledge is concern..i think it will be listed in the contract..