Letting
Rental deposit
Security for the landlord.
Commercial lettings typically require a deposit of three to six months' rent excluding service charges, or a bank guarantee for a comparable amount, as security for rent payments and any reinstatement required on handover.
See also
Let commercial propertyFrequently asked questions about Rental deposit
What does Rental deposit mean?
Security for the landlord.
How does Rental deposit work in commercial real estate?
Commercial lettings typically require a deposit of three to six months' rent excluding service charges, or a bank guarantee for a comparable amount, as security for rent payments and any reinstatement required on handover.
Related terms in letting
Rent-free period
Period without rent payments offered as an incentive.
Incentive
Financial incentive to enter into a lease.
Service charges
Costs in addition to the base rent.
Loss of rental income
Rental income lost through vacancy or non-payment.
Rent indexation
Annual adjustment of the rent.
Handover in shell / bare / building-services-fitted condition
Level of finish on handover.
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