Guide on How to Negotiate a Business Lease
Guide on How to Negotiate a Business Lease
By Michelle WithaM, published Jul 27, 2006
Published Content: 320 Total Views: 532,617 Favorited By: 18 CPs
1. You can reduce the amount of months on the lease. If you don't like the amount of months that you have to rent the suite then you can usually change it. Some landlords will even give you a month to month lease. You can even get a six month lease. The shorter amount of months the lease than it is better. You don't want to be stuck in a place if you don't like it after a few months.
2. You can negotiate on the deposit. Most landlords understand that a business usually won't do much damage in a suite since it is basically just a place to work at each day. You can also get a discount on the deposit if you agree to clean it before you move in and after you move out. Some landlords hire a cleaning service instead of cleaning the suites or building themselves.
3. Make sure to change any restrictions about signs to advertise your business. Some landlords don't let you put advertisements on the windows in suites or on the outside of the building about your company. Read the lease to see if there are any other restrictions regarding that.
4. Make sure to read the lease to see if your business is required to be open so many hours a day. You don't want to move into a place that requires your business hours to be open all the time like how some factory malls are. You want to be able to have your own hours so you can have more freedom to run as your business the way that you want to.
5. You can negotiate the parking vehicles regulations. Some leases only let you have like one or two assigned parking place per suite that is rented out by companies. Make sure that you have plenty of parking available. You don't want the landlord to threaten to have the vehicles towed out.
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Takeaways
- Make sure to have an attorney look at the lease
- Get a short 6 month lease or month to month lease
- You will be able to change the lease with a successful landlord
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