Tenanted commercial property: checking advertised income

An existing tenant does not prove stable income or that arrangements remain unchanged after purchase. Review the lease, collections and obligations with an adviser. Distinguish contracted rent from cash actually received, using only appropriate, authorised information about the tenancy.

Practical steps

1. Request the lease, amendments and available collection records
2. Identify owner-paid expenses and outstanding repairs
3. Review the effect of sale, term and renewal conditions before estimating income

General guidance. Consult qualified professionals on legal, financial and technical matters specific to your transaction.