Business location plays a major role in helping a business grow. Choosing the right location is therefore a strategy for business growth.
Location
Office space to rent is available everywhere.
However, depending on the type of business and the location of the target customers and potential employees, the location of your business is vital. In finding a good office, one needs patience. You need to take your time to find the most suitable place. It is highly advisable that you enlist the services of a commercial real estate agent and a lawyer.
The first step in finding the desired space is identifying your most preferred neighborhood for your office. This is a very important process whose choice must be done carefully as each neighborhood attracts certain types of businesses.
Research
You may have enlisted the services of a realtor, but nonetheless, you need to do some research for yourself. Get to know the prevailing market rates, the conditions for leasing, and any other relevant information. Being a knowledgeable shopper protects you from a fraudulent lessor and saves your money, as you do not pay exorbitantly for something that could have been acquired at a cheaper price.
Always compare the terms of any offer you get with others available in the same neighborhood. This will ensure that you get the best deal that the market has to offer.
Review the lease
Lease review is best done by a lawyer. This should always be done before you can sign any document that will tie you to an agreement. By retaining a lawyer to review your lease, you will have the added reassurance of knowing that the lease includes all the terms that should be included in a binding contract. Since leases are binding long-term contracts, business owners should always have someone who knows the laws review the lease before signing the contract.
Once the lease has been thoroughly reviewed, have all involved parties sign to make the contract binding!
