Commercial Lease Questions To Ask
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FAQ
Questions to Ask When Viewing a Commercial Property What type of commercial lease is being offered? ... What is the minimum lease term? ... What amenities are included? ... What insurance coverage is required? ... How much parking is allotted to the renter? ... Is there room for expansion? ... Can you make changes to the office space layout?
Questions to Ask When Viewing a Commercial Property What type of commercial lease is being offered? ... What is the minimum lease term? ... What amenities are included? ... What insurance coverage is required? ... How much parking is allotted to the renter? ... Is there room for expansion? ... Can you make changes to the office space layout?
Questions to Ask Landlords Before Leasing Restaurant Space When do I start paying rent? ... Can I sign the lease as an entity rather than personally? ... Do I have to sign a personal guarantee? ... Why did the last tenant leave? ... Are their any liens on the space? ... Can I get an exclusive clause? ... Am I able to get a liquor license?
Here are our top 8 sections to include in your commercial property proposal: Lease Term or Lease Type: ... Rent Obligations: ... Security Deposit: ... Permitted Use or Exclusive Use Clauses: ... Maintenance and Utilities: ... Personal Guarantee: ... Amendments, Modifications, or Termination Clauses: ... Subleases:
Main issues to consider lease duration (or term) and options to renew. rent and rent reviews. permitted use. tenancy mix and competition. fixtures and fit-out. costs. repair and maintenance. assignment and sub-leasing.