Leasing space for your business seems like it would be easy, but in reality, a commercial lease can be very complex. It's also a good time to bring in a business attorney like William L. Morris to help get the best possible lease.
There's More to a Commercial Lease than Price per Square Foot.
Your commercial lease starts with a price per square foot. But there's much more to come. Other costs that you need to negotiate include:
- Common Area Maintenance. Walkways, hallways, parking lots and more are considered "common areas" for all tenants of the building.
- Utilities, repairs, taxes. These are often pro-rated depending on the percentage of the building you are leasing.
- Term of the lease. How long are you committed?
- Build-out. Depending on your business needs, customizing business space can be very expensive.