Thursday, April 7, 2016

Factors To Consider Before Considering Warehouse Leasing

By Karen Green


Business people are often faced with the decision of either going considering purchasing or leasing a commercial property. Most cases you may find a situation where an individual is expected to settle for a leased commercial space. It is important that they get to survey the environs and make sure the place is in good condition before signing any agreement. Therefore, as a corporate person, you should bear in mind these factors before considering warehouse leasing in Boca Raton, FL.

Maintaining focus as you negotiate terms and conditions present in an agreement offer is crucial. Make sure the contract is not in full favor of the landlord. Otherwise, you will be on the losing end in case an issue arises. If you encounter a situation where you find it difficult to comprehend some of the clauses, you can as well consider seeking some legal advice.

When it comes to expenses, it is important that the agreement covers all the relevant areas that concern you incurring expenses for the maintenance and repair. You need to know these landlords incur extra expenses especially when it comes to the upkeep of all the shared facilities. Make sure you get to know the expense before getting yourself in the contract.

Go through the lease agreement to note all the areas that have been mentioned. Make sure you have all the details at your fingertips before making any decision on commitment. Get someone who will walk you through all the clauses and provide good legal advice. Ensure that every fundamental issue has been captured in detail.

Ensure that the agreement contains a section where you as the tenant can sublet another business person on your existing space. Often, this acts as a form of protection for the tenant just in case they are not in a position to make the full payment for the warehouse. Ensure that you get all the information about the person who you are planning to sublease, to prevent any disagreements later on.

Organize to have a discussion with the warehouse owner regarding the contract. These clauses are flexible and can be negotiated. Do not overlook the power of negotiating. The landlord may be willing to change some aspects of the agreement as long as you make it clear to them earlier in advance and stick to the said agreement.

Try making a decision concerning the terms of payment. Refrain from settling for monthly payments, as they can be rather expensive and costly in the long run. As a business person, you should work on settling your rent expenses earlier in advance. If you have the financial strength to pay for the rent expense, you can either decide to settle for annual, semiannual or even quarterly payments.

While in Boca Raton, FL inquire about the time it will take for the rent to remain constant. Make sure that the landlord will not shock you with an increase in rent without informing you in advance. The aspect of rent increase also needs to be captured in the clause as it may cause embarrassment if you are not well prepared.




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