The Bowsers Blog

4 Things To Consider When Turning Residential Property Into A Commercial Building .

For many entrepreneurs setting up a business, finding that perfect property is tricky. Even if you do find the ideal commercial premises, you may not be able to afford it! This can sometimes mean thinking outside of the box to secure the commercial space you need. One way of doing this is by turning a residential property into your new commercial property.

6 Step Guide On How To Buy Commercial Property With Existing Tenants

Commercial landlords are increasingly choosing to purchase properties with tenants already in place. There are a number of advantages to this approach. You can begin collecting rent immediately without having to advertise for tenants, and the property is likely to meet legal health and safety standards since it has already been let.

Should I Negotiate My Commercial Lease Renewal?

Tenants of commercial properties often face turbulent times around their lease expiry date. Indeed, it is common practice for landlords to propose new terms and raise the rent of their properties around this time, something that can have an impact on a company’s financial stability.

Commercial Leases: What Is The Landlord's Responsibility?

Before undertaking a new commercial property lease, it is important to pore over the finer details regarding maintenance obligations. While domestic tenancy agreements typically place the lion’s share of responsibility onto the landlord to ensure the property is maintained to an acceptable standard, commercial leases generally work a bit differently. Under a commercial lease, the tenant usually has much more responsibility over the maintenance of the building.

Commercial Leases: How To Renew A Lease Agreement

Commercial leases can be a minefield to re-negotiate, however, any business usually needs to maintain a suitable workspace for operations. It's not always an easy matter to relocate your business, particularly at short notice. This means that if the commercial lease agreement for your business premises is coming to an end, you will need to start planning for renewal.

6 Tips On Negotiating A Commercial Lease Renewal

Bowsers are experts in negotiating the best possible commercial lease renewal. Commercial lease renewals can be very complex, and the first offer made by your landlord will rarely be the best. Negotiating great commercial leases and preferential rental rates is an art form, and you should take as much time as is needed to handle these discussions.