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Becoming a Landlord on a Commercial property

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A family member has bought a old commercial property and is looking at renting it out.

The thing is he has jumped in feet first and he hasn't got a clue what he has to do about renting it out.

Any advise on what he dose to get started would be greatly appreciated.

Thanks

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Did he get decent surveys done when buying it?? I assume the property must be in decent nick with the electrics and such to be rented out??

 

Has he spoken to his accountant about the rental income, tax liabilities and stuff??

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He has now only just spoken to his solicitor and is now a bit more clued up with what he has to do and what is involved .

 

From what i can gather he said he has now got it advertised on here (Sheffield forum) the bleedin chuff .

 

He phoned my this morning and said

 

"iv'e bought an old dentist surgery, do you know what i do regarding renting it out"

 

I told him "i'm no bloody solicitor so to speak to his and get some advice".

 

He told me it's in great shape and all the electrics and pluming are fine.

 

He is an electrician and builder so if there were any problems he would be straight on the job sorting it out..

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He needs a good commercial lettings agent too. Where is the building?

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