What To Do With Rented Office When The Crisis Tightens

Insisting on a subject already treated is common to see in any city today

, perhaps more widely than before, posters in the doorways of the houses "rented office."

It may be therefore interesting to recall some considerations to take into account not only for those who plan to take on lease an office in PEZA Buildings Fort Bonifacio but for what are in serious difficulty to meet payments of income in which it has rented.

First he said it for the rental of commercial premises in terms of duration , it is clear that in the absence and the indefinite extension of these contracts, the prospective tenant is interested in a term of as long as possible in order to amortize initial installation costs.

In this regard it is interesting to guard against adverse economic conditions or bleak a clause permitting early withdrawal without compensation or with one that is bearable.

Secondly it should be noted that this: "When the leased property is exercising a business or professional activity, the tenant may sublet the property or assign the lease without the consent of the landlord. "

This means that, unless waived in contract to this option, the tenant of a large office can on the assumption that "things did not go well" subdivide the same subletting the different people to exercise their profession in her , thus depending on location and might even liquid financial gain.

This allows only partial sublease the landlord increase the rent by 10% if the tenant continues in PEZA Buildings Fort Bonifacio office and 20% if the sublet as a whole.

This sublease all or part has to be reported in a reliable way to the lessor within one month after those had been concluded.

The above is applicable as far as possible to the rental office currently in force, agreed in January 1995, the above, subject to TRLAU1964 not permit the assignment or subrogation but instead may be transferred and normal that the rent will not be updated to market prices.

In terms of VAT. leasing rent of land is exempt supply in general, whether for agricultural or forest land or land zoned property - plot (land zoned).

In this respect, the law makes two appointments. First, that the rental of equipment, machinery, equipment and structures that are rigidly attached to or built into its surface are taxable supplies, and second, that the rental of entire campsites, caravan parks, holiday camps, parking areas and similar are also taxable supplies.

by: Vincent I. Craven

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