Helpful Tips to Negotiate a Commercial Lease

Posted by Daniel Lawrence on July, 2018

Have you decided it’s time to lease business space in Cedar Rapids? If so, you likely know the commercial lease is crucial to your business success. Being able to negotiate a favorable lease for your business is a skill. However, even if you don’t have this skill now, you can develop it by using these tips and information.

Evaluate the Lease’s Length

Once you have found the perfect commercial business location, completed your rental application and applied for the lease, you will receive the forms for the lease terms. One of the first things you have to determine is the length of the lease. For your small business, one to two years is best.

Research Comparable Rents

The total amount of rent you pay is a crucial consideration when you have decided to lease business space in Cedar Rapids. Take some time to do your homework and know the costs in the nearby area, which will help you negotiate the best price. Part of the negotiation process will include specifying any rent increases so you don’t have to deal with any surprises in the future.

Find Any Hidden Costs

In some cases, the lease is a gross lease. This means all costs are included. If you get a net lease, there are costs added onto the monthly rental amount. Be sure to find out the type of lease you have to see if there are going to be any hidden costs.

When it comes time to lease business space in Cedar Rapids, be sure to keep the negotiation tips here in mind to ensure you get the best deal possible.

If you are searching for commercial office space in Cedar Rapids, visit the Gibbs Lamb Drown website for more information.

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