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  • Reply to Buy tenanted property with tenant holding over?
    by rentreviewspecialist
    ""Never buy a commercial property with a tenant who is holding over. The tenant has obligations towards his previous landlord, who held the original lease. But as soon as you buy, you have no rights as landlord. The tenant can do what he or she likes. Including not paying you! And he can also...
    19-02-2020, 10:05 AM
  • Buy tenanted property with tenant holding over?
    by Michael 11
    Hello honoured members of LandlordZONE.
    I'm a newby in this forum.
    (Anyone remember that song the Eagles used to sing,"There's a new kid in Town"?)
    Here's the deal:
    I want to buy a small commercial property that I have spotted. It has a tenant in place - which is what...
    09-02-2020, 09:33 AM
  • "Short lets" for retail premises (pop-up shops etc.)
    by JamesHopeful
    I am buying a building which has hitherto been fully retail. I intend to convert it so that it's part-retail part-residential. However, it'll take a few months to get planning permission and prepare for the works.

    I was therefore thinking of trying to let the building on a "short...
    18-02-2020, 18:37 PM
  • Reply to "Short lets" for retail premises (pop-up shops etc.)
    by rentreviewspecialist
    You could let it on a tenancy-at-will. Provided the document is properly worded, a true TAW doesn't have protection under LTA54.

    However, since you don't know how long it's going to take to complete the conversion project, I think it would be better to grant a formal lease that excludes...
    19-02-2020, 09:58 AM
  • Reply to "Short lets" for retail premises (pop-up shops etc.)
    by ATC
    I think that a lease of less than six months is outside the protections of the landlord and tenant act 1952 but the problem is that if you found tenants that you were getting along with and they were paying their way it could easily happen that you let them stay longer, accepting rent from then they...
    18-02-2020, 21:08 PM
  • Repairs and maintenance
    by Jo Mason
    I am a live-in landlord, renting out a shop to joint tenants operating separate businesses in a shared space. The inclusive rent is set out in the Tenancy at Will (soon to be replaced with a Lease) but there is nothing to cover repairs and maintenance. I have been unsure about how this is worked out...
    16-02-2020, 15:18 PM
  • Commercial Lease - Tenant wants out
    by bald555
    Commercial Lease, 3 Years with 18 month break. 2 months early possession. Ltd Company with Personal Guarantor.

    1st month into lease start and receive an email from tenant saying they are having financial problems and can't pay so will return the keys.

    I obviously want to...
    11-02-2020, 09:49 AM
  • Reply to Commercial Lease - Tenant wants out
    by ATC
    I suggest you reply by saying you will accept back the keys for the purpose of putting the property on the market with an agent without accepting surrender, on the understanding that you will accept surrender immediately prior to granting a new lease. By this course of action the existing tenant remains...
    15-02-2020, 18:34 PM
  • Reply to Commercial Lease - Tenant wants out
    by Lawcruncher
    If you go into possession you end the lease and with it the right to any rent from the date of possession. Whilst offering the property to let on the open market may not amount to taking possession it is a risk according to precisely what you do. Bear in mind that if you maintain the lease is continuing...
    12-02-2020, 00:06 AM
  • Reply to Commercial Lease - Tenant wants out
    by bald555
    Many thanks, I did ask a solicitor online also and they advised to either let the 18 months run before enforcement or enforce now (month 1), take possession and claim the amount due until it is re-let?
    11-02-2020, 18:45 PM
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