What are the main differences in leasing commercial vs. residential properties?

Commercial

Leasing a commercial property differs from residential in several key ways:

1. Lease Length & Flexibility: Commercial leases often span multiple years, with break clauses or renewal options.
2. Repair & Maintenance Obligations: Commercial tenants often bear greater responsibility for maintenance, repairs, and sometimes insurance, depending on the lease terms.
3. Rental Structure: Commercial leases may include service charges, VAT, and higher deposit requirements compared to residential agreements.
4. Legal Complexity: Commercial leases can be more complex, requiring specialised legal advice and detailed negotiation of terms.

Working with an experienced commercial estate agent such as HJ Byrne ensures you fully understand these differences and secure the best terms for your business needs.

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