Buildings Insurance on a Commercial rented premises: / myLot

August 23, 2010 11:18am CST

I'm about to rent a commercial (business) premises, I've been told that I have to pay the buildings insurance. I've only ever rented residential premises before, I know that the landlord is responsible for the buildings insurance in them. Do you know if it's the tenant or the landlord who should pay the buildings insurance on a commercial property? Please leave links or let me know the source of your information, thank you. (I live in England, therefore I need to know the English rules on this).

1 person likes this

2 responses

p1kef1sh

@p1kef1sh (45681)

•

23 Aug 10

I think that want you need to know is here: www.businesslink.gov.uk/bdotg/action/detail?itemId=1074300582&type=RESOURCES Looks like sometimes you do and sometimes you don't. It's up to the owner of the property. Hope that helps.

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dorypanda

@dorypanda (1601)

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23 Aug 10

Thank you, yes that's very helpful. :)

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pumpkinjam

@pumpkinjam (8770)

• United Kingdom

24 Aug 10

http://www.landlordzone.co.uk/renting-business-premises.htm According to the above website, business tenants are responsible for buildings insurance. The website explains that business leases are less standardised than residential ones. So, while you are responsible for the buildings insurance, most aspects of the lease can be negotiated.

dorypanda

@dorypanda (1601)

•

24 Aug 10

Thank you, I had a look at that one, however Business Link is a little more clear and concise.