Commercial rents
Your annual rent will be detailed in your lease. Your rent is due monthly in advance from the date of entry and then each calendar month after that.
On the date of entry you will need to pay us the rent from the date of entry to the day before the next rent payment date, along with your rent deposit and any insurance premium owning.
Your Letting Agent will confirm the exact figure to be paid prior to your date of entry. Service charges for maintenance of the larger tenement building and buildings insurance premiums are also payable monthly along with your rent.
It is your responsibility to ensure that we receive your payment on time.
How do I pay my rent?
Customers can pay their rent in two ways:
- Direct Debit – The most popular way to pay is by direct debit which can be set up over the telephone or in person.
- Online – Register for a My Lowther online self-services.
What happens if I miss a rent payment?
If, for any reason you miss a rent payment, you should contact us immediately. We’ll put you in touch with someone who deals with arrears to help you make an agreement to clear the amount due and avoid any further action being taken against you.
If you do not contact us, or fail to pay your arrears in full, we will then take action in line with our arrears policy. This could cause you to incur extra costs, including interest on the debt.
What steps do we take to recover arrears?
Failure to engage or make any arrangements to settle will lead to notice being issued and on the expiry of the notice your lease will automatically terminate. You will be liable for any costs incurred during the legal process.
Deposit
Before you move in you will have to pay the deposit we’ve agreed. This deposit will be returned to you in full, unless there is a breach of the lease agreement. We will inform you if we intend to keep all or part of your deposit.