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Getting a good yet affordable office space for your expanding business is everything but easy. Those are endless and daunting searches, which sometimes leave you in a total mess. The options are many, and you need to make a good choice. However, even when you have finally found what you were looking for, there is still something you need to deal with- a commercial lease. It is a contract made between a tenant and a landlord, which gives a tenant the place in return for a certain amount of money. But the question is how to make a real bargain. Here are some tips for negotiating a commercial lease for your LA offices, that will help you handle the whole situation.
Make clear what you want
This is the first and foremost thing you should do. It is important to have a clear idea of what kind of commercial property you need for your business. Should it be something spacious,? Or a bit smaller, but a well-organized office will do as well? Also, it won’t hurt if you take a look at the average office prices, just in order to know what you can count on.
Ask professionals – an excellent tip for negotiating a commercial lease for your LA offices
It’s always better if you have some professional help by your side. Real estate brokers are fine, but it won’t hurt if you find your personal lawyer, whom you can contact upon all the important topics. That should be someone who has already had enough experience in the matter of commercial moving. Those are tricky questions, and numerous obligations and restrictions you probably know nothing about. That’s why it is important to have someone who will explain to you all the terms and help you make the important decisions. Finally, when you make a deal, don’t forget to find reliable partners to assist you during the move as well.
Define the lease period
No one can predict the future, but it does matter whether your lease will be a short-term or long-term one. If your business is at its starting point and you need commercial space to make your first steps into the business world, a short-term lease is what you need. This is mainly because you can never know in which direction your business will expand. Therefore, it would be great not to be bound to any place, but to be flexible and ready for changes.
However, if your business is already a stable and well-developed one, then you’ll definitely find some use of the long term lease. In this case, all the business plans are made long-term as well, and certainty is all you need. Therefore, once you find the appropriate place, there is nothing more you can do than to pack your briefcase and move. And, if you still haven’t found professional support for your commercial move, sosmovingla.net definitely has all you need.
The financial aspect
Paying rent for the space you want to get is something you need to put first on your list of expenses. However, that’s not the only one. Let’s not forget the property taxes, insurances, and utilities. It is important to make it clear with your landlord who and in what way will have to deal with all these costs. Some landlords agree to share expenses with you. Some will think it is your and your obligation only. Finally, some will decide to include them in your monthly rent. Anyway, before you start moving your office furniture and settling down in a new space, make sure you have done complete expenses calculations on a monthly basis.
About the repairs
When you start talking with your landlord about a commercial lease for your LA offices, don’t miss the chance to mention the question of maintenance. As a tenant, you will have to take care of the rented property, and deal with all the repairs. The best possible option is to be responsible for the interior repairs only. However, most of the landlords would ask you to get the property into the condition in which it was the first time you entered it. Thus after you relocate your office into the new commercial property, be careful about making any interior changes. It may not be a good investment.
A rent-free period
This may seem like something impossible to get, indeed. However, the truth is that it happens more than we can guess. Landlords will sometimes willingly agree upon the rent-free period, just to attract more tenants.
Some additional clauses
When renting a commercial property for more than seven years, you should be able to use the space during the time of your lease, and that when this period ends you can renew the lease contract. This is regulated by the Lord and Tenant Act which recognizes the security of tenure. On the other hand, as a person who is a rentee, you also have a chance to end the lease early. However, if you are planning to leave the place this way, you need to contact your landlord in advance and give him the appropriate period of notice. Here again, it won’t be bad if you ask a professional for a piece of advice. Remember that you need to take care of your interests.
Every successful business starts with an idea. By making decisions we tend to develop ideas and make them come true. Choosing an appropriate commercial property is only one of them. With our tips for negotiating a commercial lease for your LA offices, you won’t have a problem making the best of it. Let’s repeat some of the main things to remember:
- define your wishes, and reconcile your desires and your possibilities
- always rely on the professionalism and experience
- decide between long-term and short-term lease
- calculate the costs, and ask for the benefits
- be careful about making changes to the premises
- understand all the terms