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Using Relatives Commercial Property

  • 07-05-2012 5:53pm
    #1
    cedargurl
    Registered Users, Registered Users 2 Posts: 24 ✭


    Hi there

    I am starting up my own business and my father owns a factory/office unit. He has told me that I can use it rent free to give me a leg up and get me started in my business. It is currently up for sale/to let, so I would be using it on the understanding that if they got a paying tenant for it or got an offer on it (not likely i know!) that I would move out. My question is, is there any revenue implication here as he would not be renting it for market value? Don't want to put him in a situation with the revenue.

    Thanks


Comments

  • #2
    elaverty
    Registered Users, Registered Users 2 Posts: 399 ✭✭elaverty


    Wouldnt be sure,but you may be liable for Commercial Rates,,keep it in mind,,


  • #3
    cedargurl
    Registered Users, Registered Users 2 Posts: 24 ✭cedargurl


    Thanks for reply. Yes definitely will be liable for rates pro rata, this has already been agreed. Just want to be sure about the revenue side of things before I go any further!


This discussion has been closed.
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