What Everyone Should Know When Leasing Commercial Real Estate
Pixabay.com Leasing commercial real estate is not an easy decision as there are many factors you need to consider before signing the dotted line, explains industry veteran Ali Ata. You're not only responsible for the space but also for the people occupying the area and clients or customers visiting the property. Here are ten important reminders to keep in mind when leasing commercial real estate: Location is key : The location of your commercial real estate space can make or break your business. Make sure to choose a convenient location for your employees and clients. The lease should be clear and concise : Leases can be complex documents. Make sure you fully understand every term and condition before finalizing your contract. Maintenance and repairs are your responsibility : As the lessee, you are responsible for maintaining the property. This includes everything from fixing a leaky faucet to major renovations. You may need to purchase insura...