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An office block is defined as a building containing offices where work is done, although the purposes of office blocks are to supply tenants with a place to work, owning an office block can be a lot of work as it takes a lot of responsibility and commitment, and in order for the office block to be successful and profitable, location and the condition of the building are vital. As the owner you take on the responsibility to look after the entire property thus you need to create a suitable work environment for your tenants or they may cut their lease short and leave the property leaving you with an empty office block meaning you will have no income from that property. As well as this as the owner you are in control of the future of the office blocks as well as having the rights to sell or expand the property (As long as it is not in breach of the tenants leases and planning permission has been granted by the local council)
As the owner you are responsible for the state that the building is in and if repairs are necessary you must make sure they are done to the tenants satisfaction. As well as this as the owner you are responsible to make sure the office block is not only in good condition, you must also make sure that the property conforms to the health and safety standards put in place for office blocks property, such as smoke alarms and fire escapes. ... Another law, which affects you as the owner of the property, is the 1954 Landlord and Tenant Act, which applies to most premises, though it only protects the business occupier.
Approximate Word count = 1386
Approximate Pages = 5.5
(250 words per page double spaced)
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