% of rent discounted from purchase price

  • Filter
  • Time
  • Show
Clear All
new posts

    % of rent discounted from purchase price

    Can anybody tell me what the industry standard is for the %age of rent paid on a lease that can be deducted off the purchase price when buying the property that your renting?

    Zero is the industry standard


      I don't really understand the question. If you're purchasing a property and rent has been paid in advance for a quarter then the pro-rata rate maybe returned - it depends upon the negotiations.
      [I]The opinions I give are simply my opinions and interpretations of what I have learnt, in numerous years as a property professional, I would not rely upon them without consulting with a paid advisor and providing them with all the relevant facts[I]


      Latest Activity


      • Quick turnaround lease
        Hello there, In the past I have had drafted lease for all my commercial property but something new has been pointed out to me that if the tenancy if below seven years A quick turn around lease can be use, its quick and cheaper. I asked this to my usual solicitors and never herd about it I try to make...
        23-08-2019, 20:04 PM
      • Is a flat conversion above shop a good option?
        I'm after some comments on a possible conversion of a flat above a business

        The property is in a parade of shops in a former village community on the outskirts of town in a small parade of shops. Most are long established local businesses - ours in a hairdresser where the T has been there...
        23-08-2019, 02:28 AM
      • Reply to Is a flat conversion above shop a good option?
        Is there a market for 1 beds in the village, you could convert and sell the flat leasehold, this could give you a lump sum up front. But if your looking at BTLs and there is a strong chance of letting the Upper for 4K + pa you won’t get a better yield than the conversion cost....
        23-08-2019, 16:07 PM
      • garage lease
        Hi All,

        What is the average ball park figure for a lease length for a garage in London. it has its own title deed. If the lease is around 20 years remaining. is it as simple as applying for a lease extension , or can the freeholder withhold?

        thank you
        18-08-2019, 13:22 PM
      • Reply to garage lease
        After the lease ends the freeholder may not wish to extend it and if so it will become their property? if for arguments sake the lease is 20 years remaining (unsure what the average is for a garage) and I have yet to purchase the garage, is it best to agree on extension before purchase?

        18-08-2019, 21:43 PM
      • Reply to garage lease
        You have no statutory rights here at all (it is not a residential property). So it is matter of asking for a price and agreeing that, if you get agreement, otherwise there is nil you can do. In 20 years it will case to be your lease controlled garage....
        18-08-2019, 17:34 PM
      • Authorised Guarantee Agreement

        2.5 years ago, I sold a leasehold business and assigned the lease to the new people, I had to sign an AGA.

        I hear last week somebody else has now purchased the business, I would assume the lease has been assigned to the new people and therefore my liability has been released......
        18-08-2019, 14:06 PM
      • Sound insulation between Units
        I am an investor in a gym operating out of a former warehouse unit in an industrial area. The unit next to us (owned by same LL) is becoming vacant, and I am checking out the risk of future noise complaints.

        The business is a gym which uses music. We have the correct use class covering...
        11-08-2019, 09:27 AM
      • Reply to Sound insulation between Units
        I'm not concerned, but unfortunately other people are. And if I have a good answer to the questions I can head them off at the pass !...
        11-08-2019, 10:39 AM
      • Reply to Sound insulation between Units
        I wouldn't concern myself. If someone rents a place next to a gym, they would surely notice it when they viewed.
        11-08-2019, 09:39 AM