-
can anyone help returnable bonds on business premises?
I am in the process of negotiating a deal on some new premises and need some advice on bonds please.
The landlord wanted me personally to sign the lease but as we are a limited company that isn`t something I`d consider.
He now wants a returnable bond. Now this isn`t a problem but can someone answer me this:-
1. How much bond is usually required? (I have offered £2500 which equates to 2 months rent)
2. When should the bond be returnable?I should say the lease period is 5 years with a break clause at 3 years.
Any help is appreciated here as this is all that is holding the deal up.
Thanks in advance.
Gary
Log in to reply.