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Tips to Consider While Leasing Commercial Property

If youu2019re considering leasing your commercial property, there are many elements to mull regarding the market, your tenants, and the terms of the lease. Be sure and consult this checklist of things to do before leasing as you move forward.<br>

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Tips to Consider While Leasing Commercial Property

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  1. Tips to Consider While Leasing Commercial Property

  2. Calculate all of your costs According to Realtors in Corpus Christi, TX, the cost of rent isn't the only aspect to consider when deciding your business lease rates. It's vital to be aware of any taxes or fees that may be levied, as well as any maintenance obligations that you, as the tenant, may have when utilizing your commercial property.

  3. Research surrounding properties In an ideal world, your first lead would be a good fit for your company. However, this is a rare event. Understand your company's needs and match the property to them, including location, highway access, and surrounding firms.

  4. Consider the length of lease terms The average commercial lease lasts three to five years. Longer lease terms may be beneficial if you, as the tenant, need to spread out the cost of landlord-paid tenant improvements that must be reimbursed.

  5. Always review the contract A lawyer should always review legal documents. It's advisable to have a commercial lease contract reviewed by a lawyer who specializes in commercial real estate law and has extensive expertise with lease reviews.

  6. Don’t forget renewal terms Choose whether or not you want the lease to have a built-in option to renew it. If you have a choice, you can stay or go, but it will ensure that you have this option. Having a second set of eyes when leasing commercial real estate is always a good idea.

  7. Get in touch with us! 700 Everhart Road, Suite F11 Corpus Christi, TX 78411 info@clarealtors.com (361) 854-4448 www.clarealtors.com

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