How To Lease Retail Space Legally

It is pretty obvious that if you are selling an item, you might need a space from which to hawk your merchandise. Do not sign a lease on the first buy you see find a location that is accessible to your own customers and suited to the needs of your own business? So, read these points given below for your consideration:

a) Be certain that any space you are considering is big enough for both your present needs and your foreseeable increase. Be realistic and do not overcommit.

b) Do your homework ahead. For that you can lookout these few web sources like http://www.regencycenters.com, http://www.spaceforlease.com/, http://www.franchising.com, etc. from here you will get all the possible help you may require.

c) Consider the advantages of bonded foot traffic in a mall location against premium rent. Some malls require that tenants remain open during mall hours, and pay for common area use along with the shop’s own space and upkeep. Stores can also be asked to pay a percentage of revenue to the mall.

d) Assess if the real location and space is a good fit with your product line. Do you want a large, bright space or even a charming, cozy nook?

e) Investigate any constraints on signage. The rules might be even stricter in a mall, which carefully tracks its physical appearance.

f) Negotiate the provisions of your own lease vigorously. Request for the right of first refusal on adjacent space in the event you need to enlarge. Negotiate for free enhancements and other incentives before signing your lease.

g) Hire a real-estate attorney who not only specializes in lease negotiations, but understands your region and, preferably, has dealt with your kind of company before.

h) Understand who’s in charge of preserving the heating, air-conditioning and other systems, as well as keeping up the parking lot and building exterior. This may be critical in older buildings.