How to Receive the Best Deal on Your Commercial Lease
The right commercial property can transform your business. The location, square footage, and feel of the building are a few elements to consider while making your decision. However, the most important element to spend extra time considering is the commercial lease. With the right terms, all parties can benefit.
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Consider the following suggestions to ensure you are getting a great deal on your commercial lease:
Compare Prices
Like most people, you want to receive a good deal. And, you don’t want that deal to cost you a fortune. So, we encourage you to compare rent prices with other commercial space in the area. Take into account square footage and location, and see if the space you are considering falls within the surrounding area’s price range. If not, this fact can be a tool to use while discussing the rent price with the landlord.
Review Clauses
Every contract has clauses that are binding once you sign the document. Review closely the clauses that deal with length of time you are required to rent out the space, what you can do in and around your new place, and other stipulations. It’s important to review these clauses before signing any documents. If you want to be extra careful, allow the team at Spivey, Pope, Green & Greer to evaluate the contract document for you.
Suggest Edits
The saying “if you don’t ask, the answer is always no” is true in all situations. If the commercial space you are considering is perfect except for one or two elements, discuss with the landlord how you can modify a clause. The landlord may be eager to lease out the space and wouldn’t mind changing a few clauses as long as it benefits him, as well.
We want you to receive the best deal on your commercial lease. Contact us today so we can help you navigate the legal, lease waters before signing any documents.