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Office Lease (insurance cost)

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  • 02-09-2014 1:56pm
    #1
    Registered Users Posts: 33


    Guys,

    We are moving office and have found a suitable place.
    I just received a copy of the lease, on it there is monthly rent, service charge for the estate, rates and also an extra €33 per month. He explained this as insurance for the building and liability for visitors etc.
    Is it normal for that the tenant pay this. I am not to familiar with commercial leases.

    Any help appreciated

    Thanks

    Dinny


Comments

  • Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1


    It differs regularly. Insurance should be arranged - either the landlord does this and gives you proof that he has doneso or he asks you to do it and give him a copy of the policy. If it is a multi-tenant building it would be usual for him to arrange it.


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