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Answer these questions before signing a commercial lease

Are you interested in renting commercial property? Are you concerned about finding a space that will suit your business needs, both now and in the future? Are you worried that you'll sign a lease that puts you in a bad spot?

There are many questions to answer before signing a commercial lease. If you just jump into the process by signing on the dotted line and hoping for the best, you may find yourself wondering what went wrong at some point in the future.

Fortunately, there are a variety of questions you can address before signing a commercial lease. By doing so, you'll feel better about your ability to get exactly what you want:

  • Do you understand the terms and conditions of the lease? There is nothing more important than this question. You must make sure you are comfortable with all the terms and conditions, no matter what they are.
  • Have you taken the time to negotiate the best possible deal? You shouldn't assume that you have to agree to the terms offered by the landlord. You have the power to negotiate, and this could make a significant favorable difference to the terms of your lease.
  • Do you understand what will happen if you have to break the lease early? It's easy to assume that you'll never do this, but things happen. For example, your company could grow faster than expected. In this case, you may need to break your lease to find more space.
  • Do you know how to make payments each month? This is a simple detail that requires your attention. Will you pay by check? Can you pay online? Along with this, make sure you're clear on when your payment is due.

These are not the only questions to answer before signing a commercial lease, but these can help you better understand what you should, and shouldn't, be doing.

Above all else, you must make sure you're 100 percent comfortable with the lease you're signing. Once you understand the terms and conditions, as well as your legal rights, you can sign with confidence and move into your new space.

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