Before you start hiring employees and advertising to clients, you first need to find the perfect space for your small business. Commercial leasing can provide you with the perfect space without having to making the commitment of a purchase. If you’re doing business in Rochester, NY, and need advice on the local real estate market, turn to Galvin Realty Group. They’ve been helping entrepreneurs with commercial leasing for generations.

When you’re looking to rent a property, before you sign on the dotted line, consider their advice to ensure you know everything about your lease:

• Time Frame Agreement: It’s often recommended that small business owners sign a one- to two-year lease with the option to renew. You don’t want too long of a commitment in case something changes with your business, but you also want to benefit from a fixed monthly payment. The rent price will stay the same during the lease agreement, but ask about possible increases during the renewal process.
• Extra Expenses: The lease agreement will lock in your monthly rent, but you will also have to budget for other expenses. This could include maintenance fees, utilities, and upkeep of shared common spaces if there are multiple units. Ask if you can see examples of costs incurred by past tenants to get an idea of what you’ll have to pay. You should also find out if the costs are measured by square footage or if every tenant pays the same regardless of office size.
• Defaulting: No one ever plans to default on rent payments, but it is good to know the policies in case something does happen. You can prepare and protect yourself for that possible future by making certain negotiations during the commercial leasing process. Determine exactly how much time you have to make late payments and ask about the possibility of paying only the current month’s rent to buy you more time.

There are a lot of considerations to make when it comes to commercial leasing, and the professionals at Galvin Realty Group are here to help. To find the property you want with the lease agreement you need, call (585) 546-1290. You can also learn more about these commercial realtors online.