Shope to Let at Mombasa Cbd
How to rent out non-residential premises
According to the current legislation, an individual or legal entity who owns non-residential real estate can dispose of it at his own discretion, including renting it out. How to rent out non-residential premises and what the owner should know about? Let's try to figure it out.
A lease of premises is a transaction in which the owner transfers the property for temporary use on the basis of a lease agreement. The document prescribes the procedure for paying rent, the responsibility of the parties and other features of cooperation. As a rule, such agreements are concluded between legal entities or individual entrepreneurs.
The legislation of Ukraine establishes some restrictions on the lease of non-residential and residential real estate. In particular, sole proprietorships paying a single tax have the right to rent premises under certain restrictions, in accordance with article 291.5.3 of the tax code:
Before renting out non-residential premises, you need to take into account that the entrepreneur has the right to sublease. If you plan to rent space in excess of the estab Shope to Let at Mombasa Cbd lished limits, this violates the rules of the tax code, and the income received by such a businessman is taxed on a general basis.
Only the object that has been registered and handed over in the manner prescribed by law can be leased or subleased. You cannot use the unfinished or not put into operation premises.
The first thing a landlord thinks about is how to find a bona fide tenant. You can do this yourself, but it's safer to contact a professional realtor of our agency. In addition, experienced lawyers are ready to advise on all issues of interest.
When the owner is ready to rent out non-residential premises, he must discuss the following points in advance:
If the quality of the premises and the rent are satisfactory to the tenant, you need to start concluding a contract. Ideally, it is better to draw up the document in our real estate agency with the participation of an experienced lawyer. Before renting out non-residential premises by signing a contract, you should check that it contains the following information:
Leasing of non-residential premises is carried out with the obligatory discussion of liability for late lease payments and other violations of the terms of the contract.
The lease agreement must contain a clause about the order in which its termination should take place. This will allow the property owner and tenant to avoid litigation and monetary losses. If for some reason this issue was not fixed in the document, the legislation interprets such situations as follows.
Renting out non-residential premises requires prior training and legal knowledge, including current legislation. With the right approach, the lease will be mutually beneficial for both the landlord and the tenant. If necessary, for all questions, you can contact our lawyers.
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