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What is the premium to lease a property?

Hi, I'm trying to rent a property for my business, but there is a term called a "premium" in the section of description which is an amount of money I must pay off when I lease the property. Can anyone tell me what this "premium" means, and will it be paid monthly or annually? Thanks a lot!

Asked on May 24 2016, Renting in Reading | Report content

Answers (1)

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  • The 'premium' is a single payment for the lease for however long it runs. So you will pay the premium to get the lease once and then the rent each year, quarter or month.

    Answered on May 25 2016, Report content

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