mattlewis84
12th September 2008, 12:39
Sorry if this question sounds stupid, but I am very new to this business!
My girlfriend and I are thinking about buying the lease for a hair salon that she is currently working at. The costs of this would is £13000 intially for the lease of her current boss, who is renting it at the moment and then £11000 a year rent for the owners of the lease. Is this the norm? Just wondering why we are paying rent each month as well as a initial lump sum to the current leaseholder?
Thanking you in advance for any responses.
Matt.
My girlfriend and I are thinking about buying the lease for a hair salon that she is currently working at. The costs of this would is £13000 intially for the lease of her current boss, who is renting it at the moment and then £11000 a year rent for the owners of the lease. Is this the norm? Just wondering why we are paying rent each month as well as a initial lump sum to the current leaseholder?
Thanking you in advance for any responses.
Matt.