Commercial Property Landlord chat

[fridaypassion]

So the next step for me is going into the world of commercial property letting we are in the process of buying a site that we are basically developing into a small industrial estate that will have 7 units on the site. As we grind through the tediously slow conveyancing process I'm just on with preparing some leases.

I know there are a few commercial LLs on here so really picking brains....do you contract out your leases? Is there any reason not to contract leases out?

Will probably be back to ask a load of questions around planning/building it's something totally new to me. We have been into residential for 20 years and only really had commercial stuff I have flipped before so yeah a new adventure with a lot to learn.

[Lynch91]

If you’ve got debt. Then best to contract out, will help with the valuation.

Not sure I’d draft my own leases, best to leave that to the solicitors.

[surveyor]

Your buying a site for xxxx then presumably paying xxx. You are an inexperienced commercial landlord,

And trying to do the contract which governs how much you are paid, what you are liable for and what you can pin on the tenant, how you can get your property back, on the cheap.

I think proper paid advice would be a good idea.

[surveyor]

Your buying a site for xxxx then presumably paying xxx. You are an inexperienced commercial landlord,

And trying to do the contract which governs how much you are paid, what you are liable for and what you can pin on the tenant, how you can get your property back, on the cheap.

I think proper paid advice would be a good idea.