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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of jimmyboyjimmyboy
    Member
    @jimmyboy
    Join Date: 2008
    Post Count: 4
    October 26, 2009 - 1:05 am

    Hi everyone,
    I have a question to ask in relation to commercial leasing.
    I am looking to lease a retail shop which has a single bedroom dwelling attached at the rear of the premise. Is it possible for me to lease out the dwelling? must this be stated in the terms of the contract?

    Any help on this matter would be great.
    Thank you in advance.

    Jim

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 26, 2009 - 2:08 am

    You will generally need permission to sub-lease out party. Have a read of the lease agreement, it will probably be covered.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    October 26, 2009 - 3:16 am

    It would be extremely rare to find a lease which would allow subletting without reference to the Lessor. In the commercial sense, the lessor may also need to seek mortgagee consent to the subletting as well.

    Profile photo of rickypleasrickypleas
    Member
    @rickypleas
    Join Date: 2010
    Post Count: 22
    January 27, 2010 - 2:15 pm

    I need extra help to reach people who wants to get the best real estate deal online. It would be great if you can show me your site and share your thoughts on how did SEO and web 2.0 strategies helped you in selling your products and services.


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    Profile photo of marx3bullmarx3bull
    Member
    @marx3bull
    Join Date: 2009
    Post Count: 86
    January 27, 2010 - 2:44 pm

    There is a lease agreement with which you must go on. In case of commercial leasing, I think it will be listed in the term of contract. I request you to mention your site so that we can help you out more specifically.

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    Profile photo of secureserver1secureserver1
    Member
    @secureserver1
    Join Date: 2010
    Post Count: 13
    January 28, 2010 - 6:30 am

    Most commercial leases will state that you can sublease with Lessor consent, however the lessor cannot reasonably withhold such consent.  Definitely something you need to make sure is covered in the lease agreement if you intend on doing it.

    Profile photo of jameschancelorjameschancelor
    Member
    @jameschancelor
    Join Date: 2010
    Post Count: 1
    March 4, 2010 - 8:19 pm

    I don't see why not. There are many people who are using their commercial property that they own and rent a space adjacent to it.

    Profile photo of urbanedgeurbanedge
    Member
    @urbanedge
    Join Date: 2010
    Post Count: 34
    March 8, 2010 - 8:18 pm

    as far as my knowledge is concern..i think it will be listed in the contract..:)

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