legalitys for leasing a trader some land to store cars..

[PorkRind]

I've been approached by a chap, connection being through my fathers hairdresser about renting some land of me to store some cars he sells.

He's a trader and claims they'd be covered under his trader insurance. He wouldnt be showing the cars from our property, this is not something i'd permit - security issues etc. Are there any liability scenarios i should be aware of before agreeing to leasing some land to him, other than the tax implications of me having additional income? Is there likely to be mortgage /house insurance clauses that would not favor this?

Obviously I want no comeback / hassle for this so want to ensure before agreeing to anything i've got all bases covered.

Thanks.

[duckwhistle]

This is very simple. Go to Lawyer,Lawyer draws up lease, tenant signs lease. Job done.

[Davel]

We rent off land on our Industrial Estate for HGV parking.

It should be a fairly simple Agreement but does need to protect you from any possible claims etc.

[john2443]

What is the land registered as, I'd imagine that if it's agricultural for instance, there's a planning issue if you use it for car storage.

[dacouch]

Is he a proper trader eg with proper premises or does he trade from home?

[0a]

Also consider any rates implications.