4 Tips When Seeking Commercial Real Estate

Real Estate Blog

You have a lot of options in front of you these days when it comes to landing a quality commercial property rental from a place like Bradley Scott, Inc. This saves you the trouble of having to take out an expensive mortgage and otherwise work to finance such an office space and is useful if you are a small business trying to grow. If you want to put your best foot forward in terms of getting the best commercial real estate agreement possible, read on and use this article and the guidelines provided. 

Know Who Is Responsible For Repairs And Maintenance

When looking to sign a commercial lease, you need a situation that allows you to focus on your work and your work alone. What this means is that you should sign a lease with a commercial real estate company that is willing to handle all maintenance and repair and to be diligent in doing so. It is not a given that they are fully responsible for these repairs just because they are the owners of the property. Before signing a lease, get it in writing that the commercial real estate company will manage the upkeep of the building so that you can manage your peace of mind.

Know Your Subleasing Rights And Options

There may come a time in the middle of your lease that you must move out of the property. If this happens, you will still be on the hook for monthly rent payments unless you can find someone to sublease the property to. However, not all commercial real estate companies allow you to sublease. Be sure that this is an option for your lease, even if you do not foresee a situation that would require you to sublease. Emergencies happen all the time, so it is better to be safe than sorry and make sure that you have this clause in your lease.

Don't Put All Of Your Eggs Into One Property

You really increase your potential to finding the best property when you are negotiating on multiple properties at a time. This gives you more negotiating power and also covers all your bases should a potential property fall through. Take this type of strategic approach as you look for a renting situation and you will typically be in good hands overall.

Get The Length Duration That Suits You

Most people focus on the price of a rental agreement, but the length of the agreement is just as important. This way, you know that you are locked in at a rate that you can agree with and that your business site is guaranteed for a certain period of time. This will give you some continuity with your business and plenty of legal standing throughout the course of the contract.

Keep these tips in mind and use them to your advantage as you look to find the commercial property that is best for your business.

Share

17 August 2015

Sarah's Renting Tips

Although I've never worked professionally in the real estate business, I sure know my way around it. How, do you ask? Well, I have simply rented a lot of different places and worked with a lot of different landlords and real estate agents. In the past 7 years I've lived in 11 different houses or apartments, none of them my own. In finding those 11, I have looked at literally hundreds of apartments. I used to hate house hunting, but now it's kind of fun. You just need to know what you want and the right questions to ask. Hopefully this blog can help you learn some of the tricks of the trade from another renter like yourself.