One of the more common challenges a business faces is finding the right space for their company. Whether you are starting or growing a business, the professional real estate experts at NAI FMA Realty can help you with all the necessary steps you need to take before signing a lease. Sifting through all available properties and negotiating a commercial lease can seem intimidating. NAI FMA is experienced and knowledgeable to advise you thru this complicated process.

Below, they discuss three big mistakes to avoid when signing a commercial lease. 

3 Big Mistakes You Don’t Want to Make When Signing a Lease

Signing Before Reading

Long legal jargon and tiny fonts can make it tempting to skip over parts of the lease and sign it without a second thought. However, it’s crucial that you, your broker and your legal team review every part of the agreement carefully. A commercial lease can have a significant impact on your business.

Not Taking Photos

Your new lease should address who is responsible for maintaining and repairing the building along with outlining the expected repair “standards”. Clearly defined obligations and lease language help reduce uncertainty in the future, so you are protected against expensive repairs.

Forgetting Renter’s Insurance

When evaluating space for your immediate needs, be sure to factor in flexibility for long-term goals. This is especially important when signing a longer lease. Business owners can avoid costly errors and loss of business by obtaining space and lease terms that align with future needs.

If you’re looking for a trusted real estate agent to help you find the perfect property to lease, look no further than NAI FMA Realty. Serving the Lincoln, NE community, they specialize in buying and selling real estate, leasing, and all aspects of property management. For more information about their professional services, call (402) 441-5800 or visit them online.