Steps To Consider When Signing A Commercial Lease

1/8/2020 (Permalink)

Opening your own business can be a huge step to take and an even bigger risk. Having the right information and questions to ask can better prepare you for the commitment to the facility of your choosing. Be sure you have thoroughly read the lease and understand all terms and conditions. Have you negotiated the right price? Never be too timid or standoffish to request a reduction in price for rent. Always be aware of any additional costs.  Common are maintenance (CAM) will incur an additional contribution. If you are considering having another business function in the same facility, make sure that it is included in the lease. Subleasing must be discussed prior to signing. Your landlord should be willing to negotiate terms and be sure all parties are in agreement. These few simple steps are a good foundation for your business to prosper.