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Renting a place to call home can be a tedious experience, but renting a commercial property is a whole new level of difficulty. In this case, you’re planning to transport an entire team or company, as well as all your hardware, documents, and other business assets. Therefore, you’ll need all the help you can get to successfully negotiate a commercial lease. Use the following guidelines to ensure you find a beautiful property at an affordable price.

How to Negotiate Your Next Commercial Lease

1. Do Your Research

As you’re preparing to relocate, seek out multiple leases that look attractive to you. Being knowledgeable about the average rents in a desirable area will allow you to make a more informed decision about a property, as well as negotiate the rent. With your knowledge as leverage, the realtor will discuss reasonable rates and will attempt to see them through.

2. Look at the Fine Print

commercial leaseWhile some gross commercial leases include all costs upfront, net leases allow for additional costs to be added on to the main rent. In many cases, you may be responsible for taking care of maintenance-related expenses, whereas that responsibility falls on the landlord in most residential leases. Before you commit, clarify these add-ons with the realtor — otherwise, your workspace may start to cut into your bottom line.

3. Inquire About Favorable Clauses

While an alteration is not always granted, you do have the right to ask for additional clauses to be included in a commercial lease. If you plan to sublease the property at any time. For example, if you run a seasonal business, you could ask for a favorable amendment allowing you to do so. If there is a popular business next door or nearby driving traffic to your storefront, you could also ask for a clause allowing you to relocate early should that company leave.

 

If you’re looking to sign a commercial lease with a realtor who understands your needs, get in touch with Winmar Corporation of Lexington, KY. They offer office rentals in prominent properties designed by local architects, and they’re happy to rent to a wide range of businesses. For more information on their offerings, visit the website, or call them at (859) 254-5755.

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