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commercial letting monthly

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  • 07-04-2014 12:34pm
    #1
    deadwood85
    Registered Users Posts: 115 ✭✭


    what are the pros and cons of renting a premises on a monthly basis instead of long term contract??any info thanks

    the business is a cafe/bar?
    Tagged:


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    #2
    jimmii
    Registered Users Posts: 14,810 ✭✭✭✭jimmii


    The landlord could kick you out or raise the rents at fairly short notice I would imagine. The last thing you want is for it to take off and then have to move especially if you have invested a fair bit of money fitting the place out.


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    #3
    deadwood85
    Registered Users Posts: 115 ✭✭deadwood85


    yes that is my concern tho it would be a bare min investment on my part the unit is all fitted out,,,


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    #4
    jimmii
    Registered Users Posts: 14,810 ✭✭✭✭jimmii


    There is still a large investment in advertising the location etc why are you going to be doing it on a month to month basis? I would push for at least a 1 year lease.


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    #5
    deadwood85
    Registered Users Posts: 115 ✭✭deadwood85


    yes there is some problems getting a new lease as it is a sublet,,of course we would prefer a full lease,


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    #6
    jimmii
    Registered Users Posts: 14,810 ✭✭✭✭jimmii


    I see. Worth checking it out some more when we were looking at units some where sublets and they were looking for long term leases so it should be possible.


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    #7
    deadwood85
    Registered Users Posts: 115 ✭✭deadwood85


    yes originally that is what he wanted to do,but the company he is renting off now don't want any new leases,we both would prefer long term lease its just not an option now,,so he asked if i would consider monthly rent I'm not sure myself tho.


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    #8
    jimmii
    Registered Users Posts: 14,810 ✭✭✭✭jimmii


    Sucky position to be in! I guess it comes down to whether you trust them or not. How are they able to offer a one month lease but not a multiple of that? Or is it just going to be some sort of gentlemens agreement? I would probably carry on looking or is the unit too good to pass up?


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