Practical Guidance

Assessing the cost of providing space in a building

Assessing the cost of providing space in a building

The items that you should consider in order to cover your costs when letting out or hiring out property should include the following:

  • Rent that you pay to your landlord
  • Business rates (if any)
  • Repair of the building
  • Complying with statutory requirements
  • Repair and maintenance of accessways
  • Electricity, gas, water etc
  • Staff costs
  • Security
  • Reception
  • Other shared facilities
  • Costs of legal proceedings against other occupiers
  • General proceedings in respect of the property
  • Professional fees