Rent, Rates and Service Charges

Rent

Rental prices in Shoreditch will be dependent on a whole number of factors. Location, size, facilities, condition, length of term – all of these will have an impact on how much you pay per month. Shoreditch Office Space are specialist tenant representatives who negotiate on behalf of our clients to secure the best possible agreement. This can include rent-free periods, discounts and break clauses to give you maximum flexibility and value for money.

Business Rates

Business rates are taxes to help pay for local services the benefit the area. They’re charged on most non-domestic properties (including commercial properties):

  • shops
  • offices
  • pubs
  • warehouses
  • factories

You’ll probably have to pay business rates if you use a building or part of a building for non-domestic purposes.

Service Charges

Levied by landlords to recover the costs they incur in providing services to a dwelling, services charges will vary from building to building, and landlord to landlord.

The way in which the service charge is organised is set out in the tenant’s lease or tenancy agreement. The charge normally covers the cost of such matters as general maintenance and repairs, insurance of the building and, where the services are provided, central heating, lifts, porterage, lighting and cleaning of common areas etc. The charges may also include the costs of management by the landlord or by a professional managing agent and for contributions to a reserve fund.

This gives you a brief overview of some of the costs associated with taking a lease on a new office. For a more comprehensive understanding, and to learn about the ways in which Shoreditch Office Space works on behalf of its clients to reduce these costs, please contact [email protected]