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How to Choose Commercial Rental Space
Before starting your search for commercial space or choosing a broker, it’s a good idea to set clear priorities, so that you don’t waste your time looking at inappropriate properties. Here are some of the main issues to consider.
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Using Your Lawyer During Lease Negotiations
Your lawyer can be a powerful ally during negotiations with your prospective landlord. How you work together will depend on your budget, your style, and the complexity and length of your lease. Negotiate your lease with the help of an experienced real estate lawyer.
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Improvements for Your Commercial Space
Most often, any space you rent will need to be fixed up or modified before it’s suitable for your use. This may range from the simple to the complex to everything in-between.
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Signing a Contract With a Commercial Real Estate Broker
Just as there’s no such thing as a standard lease, there’s no such thing as a standard broker’s contract. It’s all negotiable.
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Environmental Issues in Commercial Spaces
For some businesses, especially those renting industrial space in a building where polluting substances such as solvents may have been used, you’ll need to do some additional work, such as arranging an environmental inspection, before you sign a lease.
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Negotiate the Best Lease for Your Business
Ready to haggle for the best deal possible? Turn to <em>Negotiate the Best Lease for Your Business</em> -- you’ll find the information, advice and strategies you need when negotiating with an experienced landlord.</p> <p>This practical handbook explains how to analyze space needs, find the ideal location and then get the best possible terms.</p> <p>Comprehensive and written in plain English, <em>Negotiate the Best Lease for Your Business</em> is essential for entrepreneurs on the hunt for a fair and workable lease.
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With a gross lease for commercial space, the renter pays the landlord a fixed monthly rent. It is then up to the landlord to pay the expenses of operating the building.
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Commercial Net Lease for Entire Building
In a net lease, the tenant not only pays rent, but also part of the building's operating costs. These costs include property taxes, insurance and maintenance -- a lease that requires the tenant to pay for all three of these costs is known as a "triple net" lease.
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Commercial Net Lease for Part of Building
In a net lease, the tenant not only pays rent, but also part of the building's operating costs. These costs can include property taxes, insurance and maintenance.