Negotiating your first lease for your small business can be confusing. Here are some tips to help you.
Look at all three options to figure out what is going to work best for your business. Office is usually the least expensive but if you are going to be selling products it won't work for you.
Know the common terms for leasing commercial, such as NNN is triple net and it is what the management company is charging you to keep the property clean. Premises refers to what else you can use when you rent, such as bathroom.
Having a sign is expensive and some places provide signs for you. Having a light box may be worth the extra rate as it will help bring customers in. But, if you are a small office you may not even want a sign.
Who is paying for utilities or cleaning service? It's important to know what you will be responsible for so that you can factor that into the rent.
Many places will help you with remodeling. They may offer to put up a wall for a reception area or move a wall to accommodate a larger office. Just because the existing area doesn't meet your needs, it may work after some remodeling has been done.
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