Common Misconceptions About Leasing a Commercial Space

 

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Lease terms can be confusing, and Ali Ata points out that it's easy to get caught up in the myths about leasing commercial space. Below, he shares some common misconceptions and the truths behind them:

 

Misconception #1: Longer lease terms are always better.

Truth: It will depend on your business needs and goals. If you're looking for stability and predictability, a longer lease term may be the way to go. On the flip side, if your business is growing quickly and you anticipate needing more space soon, a shorter lease term may give you the flexibility you need.

 

Misconception #2: You should always negotiate for a lower rent price.

Truth: Again, it will depend on your situation. On the one hand, if you're looking for long-term stability, paying a slightly higher rent may be worth getting a longer lease term. On the other hand, if you're only planning on being in the space for a short period, you may be able to negotiate a lower rent price.

 

Misconception #3: Commercial leases are always complex and difficult to understand.

Truth: While some commercial leases can be complex, they don't have to be. If you're working with a professional leasing agent or attorney, they can help explain the lease terms and ensure you're getting what you need.

 

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Misconception #4: You always need a lawyer to review your commercial lease.

Truth: This is not necessarily true–if you're comfortable reading and understanding legal documents, you may not need a lawyer to review your lease. Ali Ata explains that if you're unsure about any of the terms or have questions, it's always highly recommended to consult with an attorney before signing anything.

 

Now that you know the truth behind these common real estate myths, you can feel confident when leasing a commercial space for your business.

 

 

 

Real estate industry expert Ali Ata has written a series of blogs on the industry. Read those posts here.

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