| |
Rent Deposits
A rent deposit is principally a sum of money which is held in an
account, for an agreed period of time, to act as financial
security in case of default by a party to a contract.
The money would usually earn interest at a fixed or variable
rate.When new leases are entered into, a landlord will often
require a rent deposit from the in-going tenant.
The terms of such a rent deposit will vary depending on the
financial status of the tenant, but can involve the tenant
paying up to 6 months rent in advance.
This amount is then held by the landlord in an interest
bearing account for the duration of the lease, or until the
financial integrity of the tenant becomes established.
Alternatively, it might be held until such time as the lease
is assigned and a new deposit is obtained from the subsequent
assignee.
 |
Before you go office
hunting, make sure you have defined your space needs and service
priorities. Global Office Search can help you determine your
exact space requirements, locate the commercial properties that
best fit and help you negotiate favourable terms. |
|
|
|
Global Office Search
Global Office Search
|
| Global Office Search can provide
in-depth knowledge. |
|
|
| Insight on the potential
for buying, selling or leasing offices and commercial
property and land in London and throughout the UK. |
|
|
| We specialise in offices, with or without
warehouse, distribution or industrial space, and we represent
many owners, occupiers, developers and investors across the
country. |
|
| As part of your office relocation
process, we offer an informal meeting to assess the realistic
options of selling or letting existing commercial property
or finding more suitable alternatives. |
|
|
| We make our recommendations
but you decide what happens next. |
|
|
|
|
|
