Purchasing property with commercial tenants in situ

[homecoming]

Looking to purchase a property in Dublin that has commercial Tenants in situ with a deed of guarantee written into the contract. Firstly can someone please explain what a deed of guarantee is?

Secondly, the Tenant is paying well below the agreed rental rate.

What options would be available to relocate the Tenant from the Ground Floor level to an upper level or to ending the letting contract totally?

Any assistance would be appreciated.

 

[Brendan Burgess]

Hi homecoming

I don't know the answers to your questions, but commercial property is a business. And as with any business, the more you know about it the more likely you are to succeed. It seems that you know very little about it and, as such, you will probably lose your shirt.

While you may be able to get factually correct answers on askaboutmoney or from your solicitor, I would strongly recommend that you find someone who has a record of successfully managing a property investment business to look over this venture of yours.

 

[homecoming]

Hi Brendan, I thank you for your response, we plan to purchase a Georgian property and to convert it to mixed use living there ourselves and appointing a professional Property Management Company to run the show.

We would like to purchase in the immediate future and require information on potential Mortgage Providers and clarification on initial question.

Kind regards