Renting out to a dog grooming business

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Renting out to a dog grooming business

    Hi, does anyone have experience renting out their premises to a dog grooming business? I understand it's a difficult situation we're in at the moment with a lot of businesses closing down and the high streets are empty, so it's not easy to be choosy. But I'm worried about the implication of the business to the building, like the smell, nuisance to the residential tenant upstairs, dog hair everywhere, would this affect the insurance, etc

    Any thoughts?

    Thanks

    #2
    If I was going to rent out a shop to a dog grooming business I would first get a Chartered Surveyor who specialises in Commercial rents to advise you how much to charge in rent. I would also only offer a 3 year lease outside the 1954 Landlord & Tenant Act, Ask a Chartered Town Planner if you need Planning Permission for a change of use. I would consider having in the lease that the tenant is not to change the interior of the shop in any way. You may want to consider (obviously) getting a Commercial Lease Solicitor to draw up the lease.
    The solicitor I used to do my shop lease had a clause that the tenant had to go to another solicitor to sign that they understood that the lease was outside the 1954 act.
    What you don't want to do is get a tenant in within the 1954 act where they have the right to renew when the lease ends and after a few years they sell the business by way of lease assignment and when you eventually want to sell the place you cant becaye they have a secure lease.
    They may also want to mess with the electrics for heaters, dryers etc.
    Also make it a full repairing and insuring lease.
    Dog grooming parlours can be very profitable.

    Comment


      #3
      Thanks AlwaysProblems. I have determined the rent based on the market demand and location of the property. I had a few tenancies drawn by a solicitor and have always contracted out of the LTA 1954. But this is the first time I've been approached by this type of business so I was unsure, most importantly with the hygiene of the place as there's also a residential flat above it. Good advice about including a clause for the tenant not to change the interior of the property, I'll make sure this is included.

      Comment

      Latest Activity

      Collapse

      Working...
      X