As residential house prices drop and landlords are hit with the first of the four yearly reductions in mortgage interest payments they are able to claim against their income, many are now considering investment in commercial property.
However, leasing a commercial property is an entirely different story to renting a residential property and can be daunting for a new landlord.
Although there are standard commercial leases available they are far more complex than a residential rental agreement, says LegalVision.
There are more decisions for landlords to consider to ensure they and their tenants are satisfied and happy with the lease.
Often when issues arise with commercial leases it is generally a result of poor documentation, which has usually been in place right from the start of the tenancy, says law firm Lockhart Muir.
LegalVision says before making an offer to lease it is