Business Leases

Have you been looking for premises where to start your business? Philip Thow points out that there are certain things you have to understand before signing the all important business lease. Philip Thow advice that the first thing you need to distinguish about business leases is that they are very different from dwelling rentals. Dwelling rentals have a regular monthly price and it is the duty of the landlord to pay for any repairs. On the other hand, with business leases, any extra costs above the price of the lease are paid by the tenant. Before you can reach a deal on the lease, find out about any extra costs. The last thing you would like as a tenant is surprises.  

Phillip Thow advises that you take into account the location before signing the lease. You should never hurry the process of selecting the business location. You should pick the best possible location taking into substance other tenants, how accessible the premises is and if the location has adequate traffic. Philip Thow recommends that you should only sign a lease on premises where you are assured of good returns.  

Philip Thow warns you that when approaching a landlord or a lease broker, their expectation is that you accept their first deal. However, you should negotiate. By talking, you will be able to push the quoted price downwards making it more rational and affordable. Phil Thow understands the importance of preparing for negotiations and not appearing too eager. You should all the time start low. Be clear in your mind to ask the landlord for more than you can probably hope to receive for example, free rent. Understand that if the lease broker or landlord agrees to your very first offer you did not begin the negotiations low enough. Phil Thow notes that you will get a better deal if you go into the negotiations well organized.  

You should consult an expert prior to signing a business lease. Phil Thow offers business lease services. He can take in important clauses that can help your business in the long run and give an opinion on the questions to ask during the negotiation process. Additionally, Phil Thow recognizes that expert business lease experts protect business owners and managers from signing tricky lease agreements.   

Phil Thow advises that you should make sure that all verbal promises and contracts are put down in writing. A written agreement operates as a safeguard against problems and disputes that may arise in future.   
 

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