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What to look for when leasing property for business

You have decided it is time to strike out on your own and start your own business in Florida. But running a business is not easy and one mistake could be the difference between a great success and closing one's doors. One thing you don't want to do is stumble out of the blocks by leasing the wrong space.

In order to find the best location for your burgeoning enterprise, you will need to explore the viable commercial real estate opportunities that are available. The choice you make can have a critical impact on your business moving forward. With this in mind, the following are some tips to consider when picking out a space to lease:

  • Do not fall in love with any space until you are sure that it meets your criteria regarding the terms of the lease. Of course, you should consider if your customers will find your choice attractive, but you need to remain emotionally detached prior to signing the dotted line.
  • Make no decision until you have accumulated multiple viable options. This will give you a stronger bargaining position later.
  • Know and understand every expense aspect of any lease you are considering signing. This includes maintenance costs.
  • Do your homework. You may want to create a spreadsheet that will allow you to make clear comparisons of all the important details of the properties you are considering. The details can pertain to such things as square footage and lease terms. You could also add in your own personal notes.

Hopefully you will be able to make the right choices from the start and your business will become all you hope. However, if a landlord does not deliver on all that is promised, you may find yourself in a commercial lease dispute.

If you believe you are not getting a fair value on the investment you made in leasing a commercial property, a Florida attorney may be able to help you resolve your dispute.

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Warren Gammill & Associates

Suite 400, Courthouse Plaza
28 West Flagler Street
Miami, Florida 33130

Phone: 305-579-0000
Fax: 305-371-6927

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