Before signing a commercial lease agreement, know what you should expect.
Starting a lease on a new building for your business is a significant commitment. It may be challenging to know where to start. Here, we shall look at factors for choosing a property, what to expect in a commercial lease, and how to know you’re getting a good deal. Overall, this blog post is a brief overview of how to find the right commercial property for lease.
Factors for Choosing a Property
Depending on the type of business you run, your priorities for your property will differ from others. While many believe location is everything, location is really most important for retail businesses who interact with a lot of customers daily. In retail, you will want to look for a site that is most practical for your customers. In other fields of business, your location may depend on convenience for your employees.
Other major factors to consider in the property search are affordability, the condition of the building, and zoning laws. Form a budget to know what you can afford to lease a commercial property and narrow your search. Inspect the building to see if it can accommodate your employees, your electrical needs, and health and safety. Also, discern how much you might need to modify the building to make it your own. Lastly, check the zoning laws to see if your business can perform there.
What Is Included in a Commercial Lease
Commercial leases, unlike residential agreements, are tailored to suit each business’s needs. Therefore, no commercial lease will look exactly alike. Even so, they will cover a list of critical aspects of the agreement. A basic list will include rent, usage, length of lease, responsibilities and rights of the landlord, and responsibilities and rights of the tenant.
How to Know You’re Getting a Good Deal
While you might have a commercial property in mind, do not go into a lease agreement without shrewdness. Be well informed and well-guided in how to know that you are getting a fair deal. Give yourself plenty of time to look for a lease so that a landlord does not take advantage of your sense of urgency. A commercial real estate broker can represent you and help you make a better judgment on the lease. Do not be afraid to negotiate; rather, expect to negotiate. Moreover, do not sign a lease until you have understood every line and know the market well. No matter what, don’t settle for a lease agreement that doesn’t meet your business needs.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for the perfect realtor for your property or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with selling your home and getting the best possible price, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook, Twitter, and Pinterest.