Ready To Start A Business? 4 Questions To Ask When Looking For A Commercial Lease

If you're in the market for a new commercial lease, you're looking to make a major investment. You want to make sure that the investment you make will benefit both you, and your business. Before you choose your commercial space, you need to make sure that the terms of the lease are right for you. Here are four questions you should ask when shopping for a new commercial lease.

Are Changes to the Space Allowed?

When choosing a retail space for your business, it's important to remember that even the best location might not be exactly what you're looking for. To make up for that, you might need to make some changes to the existing space. If you plan on making changes to your commercial space, make sure that those changes are allowed under the terms of the lease. If they aren't, ask the leasing company if they're willing to accommodate some of your desired changes. 

What Type of Signage Can You Use?

When you own a business, you want it to be visible to foot and vehicle traffic. That's where commercial signage comes into play. Some cities, and retail centers, have specific guidelines regarding commercial signage – including height, width, and designs. While you're looking for retail space for your business, make sure you ask about the guidelines and specifications for signage use. This will help you avoid problems once you start choosing your retail signs.

Are There Businesses Like Yours Nearby?

When it comes to the success of your business, you want to make sure that your retail space is free of nearby competition. The last thing you want is to rent retail space only to find out that there's a competing business in the same center – or even across the street. Before you settle on retail space, take the time to identify potential competition. To avoid unnecessary competition, choose a location that is removed from the competition.

Is Maintenance Provided?

When considering the cost of your retail space, it's important to include everything – including potential maintenance costs. Before you sign a lease, find out who will be responsible for the cost of maintenance. Some leasing companies will include maintenance in their lease package. However, if you choose a lease that does not include maintenance costs, be sure to include those costs in your operating budget. This will prevent problems should repairs become necessary. Click here for more information on commercial leasing.