Connect

Find us on...

Dashboard

New Search X

A Checklist of Items to Consider when Leasing Commercial Space

Posted by VIP Realty on Monday, February 15th, 2010 at 10:06am.

Are you hunting for San Antonio commercial lease space, but you’re not sure where to start? The San Antonio commercial lease spacemarket is the place to be for renters because there is a high vacancy rate and the lease rates are quite reasonable. There are a slew of major differences between commercial leases and residential leases, so it pays to understand the ins and outs of a commercial real estate lease before signing on the dotted line. Questions to ask when seeking commercial lease space:

  • What is the rent price, and what increases are expected?
  • What is the security deposit and what are the conditions for the return of the deposit?
  • What is the length of the lease? Is this negotiable?
  • What does my rent cover? Does it cover utilities, taxes and maintenance, or will I be charged separately for these items?
  • Will I have the option to renew the lease?
  • How, if necessary, can I terminate the lease? What are the notice requirements regarding the termination of a lease?
  • What does my rent include? Common areas, hallways, bathrooms and elevators?
  • Do you have specific rules regarding the placement of signage?
  • Do you have any plans for improvements or modifications to my lease space or to the building?
  • Will you entertain build-outs? Who will pay for them?
  • Who maintains the property?
  • Can I sublet the space, if necessary?
Although all of these questions may not personally relate to you and your lease, it is important to get answers to all of these questions, as they may pertain to you at some point throughout your lease. Read the lease agreement thoroughly carefully and, if necessary, have an attorney review it. Although you may be wary to pay an attorney to read over your lease agreement, it can actually save you quite a bit of money in the long run.

Leave a Comment