< Study Room | 06.03.2017

Generally, which of these ultimately pays the insurance premium on a commercial property owners policy?

Generally, which of these ultimately pays the insurance premium on a commercial property owners policy?

A: The owner

B: The tenant

C: The managing agent

D: The owner and the managing agent

 

Answer:

B. Market practice is for commercial property owners to charge the insurance premium out to their tenants, compared with residential property leases where usually the property owner will stand the cost of the insurance premium.

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