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Taking Iver A Lease.
21 Answers
Advice please.
My friend and I are hoping to have a little gift shop which we went to view today. The chap who has the lease at present, sustained an injury which means he can no longer carry on his business which was a fruit and vegetable shop. He carried out about £3k of repairs to the property with permission from the landlord. We saw before and after photos and to be fair, there is a massive improvement. The rent is nice and low and rather than increase that, he is asking for £1,200 as a contribution to the improvements, although this came as a bit of a shock to us! My questions are these.....
1) is that a reasonable request?
2) are we able to taken on his lease without the landlord knowing (he says the ladlord is happy for him to pass onnthe lease to someone else.
3) if we do takeon the lease, should we involve a solicitor?
Thank you.
My friend and I are hoping to have a little gift shop which we went to view today. The chap who has the lease at present, sustained an injury which means he can no longer carry on his business which was a fruit and vegetable shop. He carried out about £3k of repairs to the property with permission from the landlord. We saw before and after photos and to be fair, there is a massive improvement. The rent is nice and low and rather than increase that, he is asking for £1,200 as a contribution to the improvements, although this came as a bit of a shock to us! My questions are these.....
1) is that a reasonable request?
2) are we able to taken on his lease without the landlord knowing (he says the ladlord is happy for him to pass onnthe lease to someone else.
3) if we do takeon the lease, should we involve a solicitor?
Thank you.
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