Some popular Commercial Property FAQs answered

What costs are involved in leasing a commercial property?

When leasing a commercial property, the costs typically include:

• Rent: A fixed monthly or quarterly payment.
• Service Charges: Payments for communal services like cleaning, security, or maintenance.
• Business Rates: Local council tax based on the property’s rateable value.
• Utilities: Electricity, gas, water, and waste disposal.
• Insurance: Public liability and contents insurance. The landlord may insure the building but not your business assets.
• Deposit: Usually equivalent to a few months’ rent upfront.

What is a commercial lease, and how does it work?

A commercial lease is a legally binding agreement between a landlord (property owner) and a tenant (business owner) allowing the tenant to occupy the property for business purposes. The lease outlines:

• • Lease length (term): Typically 3, 5, or 10 years.
  • Rent amount and payment frequency.
  • Repair and maintenance responsibilities.
  • Break clauses (if applicable) to allow early termination.
  • Usage terms specifying how the property can be used.

Foden Estates can help you when you are looking for commercial business space. Contact our team to see what we can achieve together.

What are business rates, and do I have to pay them?

Business rates are a tax charged by the local council on commercial properties. The amount is based on the rateable value of the property, which is an estimated annual rental value set by the Valuation Office Agency (VOA).

However, some businesses may be eligible for business rate relief, especially small businesses or those in specific industries. It’s always worth checking if you qualify for a reduction.

Can I make changes to the property if I lease it?

Modifications to a leased commercial property, such as interior fit-outs, signage, or layout changes, usually require landlord permission. This is typically outlined in the lease agreement. Some changes may also require planning permission from the local council, depending on the scale of the work.

If you plan to make alterations, always discuss this with your landlord or a commercial property specialist like Foden Estates to ensure compliance.

Can Foden Estates help me find a commercial property for my business?

Yes, absolutely! Foden Estates are Commercial Property Specialists based in Warrington, helping businesses find the ideal commercial space tailored to their operational needs.

• Office space
• Retail units
• Industrial warehouses
  Commercial land
• Mixed-use developments

Foden Estates have an extensive portfolio of commercial properties, primarily in the North West and can provide expert advice throughout the process.

✅ Contact Foden Estates today to discuss your commercial property requirements or to arrange a property viewing.