Commercial Finance

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A commercial property is defined as property where the occupants are a business rather than an individual, such as shops, warehouses and offices.

The property can be just a commercial premise or it may be of ‘mixed use’ or ‘semi-commercial’ by including a residential element on its legal title such as a residential dwelling above or adjacent to the commercial dwelling.

An individual or company may occupy the premises to run their own business and this would be called a Commercial Trading Property.

Alternatively, an individual or company may purchase the property to let to another business and this would be called a Commercial Investment Property. Similar to an AST on a BTL property, a contract will be entered into between the owner and occupier of the property to set out the terms of occupation. The minimum term is usually three years and will often be considerably longer.