Finding the right space for your company can be a complex and stressful process. Once you find the right building with a rent you can afford, it can be tempting to sign the lease as soon as possible, but that may not be the most prudent course of action. It is in your interests to carefully consider the terms of your lease before signing.
If you sign a lease without carefully reviewing the terms of the contract, you could be exposing your company to unnecessary financial loss and complications. Many California businesses find it beneficial to seek legal guidance before they commit to a lease. The well-being of your business is at stake, and it could be prudent to negotiate terms that will pave the way for a prosperous future in your leased space.
The right terms for your business
In many cases, it is possible to negotiate the terms of a commercial lease. This means that you may be able to work with the landlord to ensure that terms of the contract actually suit the unique nature of your company. Some of the factors you may be able to negotiate include:
- Rent prices – When you sign a lease, do not forget to consider potential rent increases in the future. If you are not careful, you could be agreeing to payments you may not be able to afford.
- Building repairs – You can include terms in your lease that will clearly outline which party is responsible for changes to the building, repairs needed and remodeling costs.
- Length of lease – You will want to be certain your lease clearly outlines how long the lease will last, options for renewal and the financial costs associated with early termination of the lease.
You may always to want to negotiate terms that are specific to your individual situation or the unique nature of your business operations. It is always smart to explore how you can secure contract terms that will work for you now and well into the future.
If you are considering a lease for your company or want to know how you can protect your interests during lease negotiations, you will find it beneficial to discuss your individual concerns with an experienced real estate attorney. This is a serious step for any company, and it is prudent to do everything possible to protect your interests.