Contracts With Businesses

Company lets, invoicing, insurance and the legal differences that matter

Letting to a business changes your legal position, and this book puts company lets on solid legal ground. It explains the one fact that underpins the whole framework, what that changes and what it does not, then covers the permissions you need from your mortgage lender, any freeholder, planning and licensing. The contracts chapter shows you how to choose the right agreement with the right party, which clauses do the work, and how guarantees and covenant strength protect you, with a worked example of the commercial advantage. You will see why insurance must actually cover the arrangement and why safety duties apply even when the tenant is a company. The tax chapter covers how the income is taxed, personal or company ownership, and the VAT trap that catches serviced operators. It ends with a step-by-step checklist and the real cost of mistakes such as using the wrong agreement or a company let that is really a sham. Next in this series: “Winning Corporate Accounts”.

What’s inside

• The legal framework in plain English
• Permissions, licensing and planning
• The contracts, and what must be inside them
• Insurance, safety and your legal duties
• Tax treatment and choosing a structure
• Your compliance checklist
• Getting this wrong: what it actually costs

Educational material only, not financial, legal or tax advice. Results are not typical and are not a guarantee of income. Freedom Property Academy LTD, registered in England and Wales.