anyspacedirect news

Tips renting a commercial property

7th May 2010
Getting the right space for your business is crucial to the development of the company, with the right space under the right lease you have the potential to reach your goals and create new ones. However, with the wrong lease and/or wrong property you could hit a wall sooner than you think. There are a few things you need to think about before even looking for the property; what does it need to provide, the best location, access to transportation and what you can afford.

After the criteria of your desired space is drawn up and you have found a property that ticks all the boxes, there are a few things you need to bear in mind before you sign the lease or renew. We have put together some tips to help you ensure you have the best lease possible.
  • Do lease on a short term agreement. Having a short term agreement generates an ideal solution if you want to bring flexibility into the company. There are leases that enable you to renew, which allows your company to be flexible. Having a lease renewal option in the contract will permit you to renew the agreement every few years, which is ideal if you are not sure how much space you will need a five years or so.
  • Don’t violate your lease. It is extremely important that there are no violations, even minor ones especially if you are hoping to renew your lease once it expires at the end of the term.
  • Get the opportunity to gain better rates on leases with a long term lease, which could save you money.
  • Remember that if the landlord agrees to your business trade, this does not mean that your business has the planning permission to begin that trade. These trades can include; retail, financial and profession services, food and drink premises. Planning permission will also be needed if there are any alterations you wish to make to the property, which your landlord has also agreed to.
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