Avoiding Ground Rate Scandals – Tenants

When renting a piece of land for your business or for any other use it is important to stay clear of scandals between the tenant and the landlord. A ground rent scandal can majorly arise due to misunderstandings, greed or contract breaches. These conflicts lead to great loses that is why it is necessary for all land tenants to avoid them as much as possible.

How to Avoid Rent Scandals

As a tenant, it is in your best interest to avoid any scandal and especially land rate scandals with the landlord. Some of the ways in which this can be done include:

  1. Be Transparent
  2. It is advisable that you tell the landlord what you will be using the piece of land before getting into a contract. In as much as some landlords tend to charge higher rates when leasing land for business purposes, a tenant will be safe knowing that the rent charged will not be affected by the nature of the business they will be undertaking on the ground.

  3. Sign a Contract
  4. A contract protects the interests of both parties. Before signing any contract make sure you read and understand the contract and ask questions where necessary so as to know exactly what it entails. Always confirm that the landlord has signed the contract too as this is what will make it legal and binding.

  5. Keep Your Word
  6. It is important that a tenant learns to keep their word so as to avoid any ground rent scandal. When it comes to paying the ground rent, always make sure that you pay the rent on time or communicate any delays to the landowner in good time so as to keep the trust and professionalism.

Avoiding rent scandals will ensure peace and profitability for all parties involved.