Illustrating a Defined Approach to Lease the Best Commercial Office Warehouse

Illustrating a Defined Approach to Lease the Best Commercial Office Warehouse

Warehouse can be extremely instrumental and advantageous in business for storage and manufacturing. And it is a hard fact that with increasing demands for space; both for the office premises and warehouse, getting the best warehouse office on rent that comes with abundant space have become a major challenge for most business owners presently.

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You’d be surprised at how many prospective office tenants are driving around the town, calling on random phone numbers they see online/offline, touring spaces and even initiating lease negotiations without clearly understanding what they’ll be paying for and how much the rent will be.

Pragmatically, leasing commercial office space is one of the largest expenses incurred by new and expanding businesses, so it is extremely important to do your due diligence before you consider making a trade by leasing a commercial space or a warehouse office on rental basis. Here are some tips for negotiating a commercial lease for your small or large business.

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The Primary Tips to Consider When Renting the Best Commercial Office Warehouse:

The Space: Check out these important aspects when looking for space issue: (Continue from next slide)

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o Usable Square Footage: It is the amount of space that actually will be used by a tenant also sometimes known as “carpeteble� square footage. Ponder out how much carpet area are you going to get? o Common Area Factor: This is a percentage of shared space within a multitenant building that a tenant will pay for beyond the usable square footage.

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o Rentable Square Footage: This is the sum of the usable square footage and the portion of common-area space that a tenant must pay for. So, check the rentable square footage before you sign the agreement.

Take a Look Here: [Thinking outside the Box when it comes to Office Space]

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•Lease Agreement: Be sure to read over your lease in detail and hire an attorney who specializes in commercial real estate to walk you through the clauses and fine print. Since lease term and rent are your first negotiation points. Subsequently, it is worth investigating and negotiating some potential add-on clauses to your lease.

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• Additional Expenses: Find out the expenses you may incur beyond rent. Since, commercial real estate landlords offering affordable office warehouses incorporates extra expenses into the lease which comes obvious such as common area maintenance, upkeep for shared facilities and much more. • Maintenance and Repair: It depends entirely on the landlord if they upkeep the burden of maintenance on the shoulder of tenant or holds the responsibility on themselves. So, this varies.

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•Dispute Resolution: Pay attention to what a lease says regarding dispute resolution. Litigations costs can quickly get out of control, especially for a budding company with limited resources. Mediation and arbitration present alternatives to traditional court proceedings and clauses requiring them are relatively common to see in commercial contracts and leases. •Security Deposit: Make sure it’s clear what will and will not be deducted from the security deposit. Even though there are laws that specifically prohibit actions relating to security deposits, you should ensure that the lease specifically spells out the expectations and conditions for its return.

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Samuel L. Bryant Investments

Samuel L. Bryant Investments has over 5 decades of experience providing Houston office warehouse space for lease.

Slbinvestments.com Contact Us info@slbinvestments.com Telephone: 1-713-660-6000

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