Renting commercial space is perhaps one of the biggest overhead costs incurred by a business. Since there is no standard lease, you should definitely familiarize yourself with leasing and acquire some basic knowledge on the topic of leasing. Before you sign that rental agreement for commercial real estate in Florida, try to soak up a number of practical suggestions.
Ask before signing
If you’re new to commercial space leasing, there are a few things you should be familiar with. One of the most important things you need to understand is the legality of a rental agreement. Be aware that once you’ve signed one, you can’t just break the agreement at will or simply change the terms to suit your business needs. It doesn’t really work that way. So, before finalizing a lease agreement for commercial real estate in Florida, be sure to ask the following questions.
* How long do I intend to occupy the commercial space? — You need to predict how long your business will be able to operate effectively in the space you want to rent. Even though all the stipulations of the lease are negotiable, the length of the lease basically sticks to a certain standard. The majority of short-term leases last around three to five years, while long-term lease contracts are usually for ten years.
* Can I leave the lease? – Committing a breach of a rental agreement for commercial real estate in Florida can result in serious consequences. You could be denied access to the property, lose your deposit or be sued. Make sure you are determined to stay for the period stipulated in the contract, as well as the location, before signing.
Ask the broker:
* What is your level of experience? — Commercial real estate is actually a specialized field in which the majority of brokers generally focus on two types of properties: warehouse or office space. Thus, you should choose a broker who has a highly regarded record in the Florida commercial real estate industry.
* What are your certifications? — It is perfectly acceptable to inquire about professional certifications. Although experience remains the best indicator to assess a broker’s competence, designations from recognized real estate organizations prove that he has gone the extra mile.
Negotiate for the best rental offer
Try to negotiate the best lease for commercial real estate in Florida. Here are some helpful trading tips you can use:
* Take advantage of the “authorized use of the premises” clause. – A commercial real estate lease usually includes a section that sets out this particular stipulation. Try to make this clause as broad as possible as your business may grow or you may decide to sublet part of your space to another business.
* Reach a favorable agreement for a rental period. — More often than not, owners of commercial real estate properties in Florida are willing to consider long-term leases. Instead of settling for a fixed number of years, make an effort to negotiate a shorter lease term with renewal options.
http://commercial-realestate-florida.xon.us — Florida Commercial Real Estate