Tips for Leasing Commercial Land
A lot of thought goes into leasing a commercial property. It is a big decision and commitment, so you want to be sure it is exactly what you need and that it is negotiated, properly. We are here to provide you with a number of tips for leasing commercial land near Lexington, Kentucky, so that you can ensure you will have everything you need for a productive business.
The first thing you need to do when considering a lease is decide what you need for your specific business. After all, every business is different. Evaluating your business’s individual needs can be vital toward ensuring your business will run successfully. Essentially, you should consider what you are wanting to get out of moving to this new property. You should also consider how long of a lease you need. If you aren’t sure of your needs, a shorter lease, though often more expensive than a long-term lease, may be ideal for you so you can get out of it if needed. It is also important, of course, to determine what you can afford. The base rent is not the only cost, in most cases, so you should be prepared for that.
Researching the property that you are considering leasing is also important. You should talk to neighbors about potential issues with the area that could hurt your plans. You can also talk to others about the landlord’s reputation. No one wants to deal with a mean landlord for years and years.
When you find a place to lease and are ready for negotiations, you should always involve a commercial lawyer. Leases are often hard to understand, so it is important to have it looked over by someone who understands it all so that you don’t end up signing a lease that will end up with you paying random, extra fees.
Since there are a number of different types of leases for different situations, we are going to provide you with a source that will help you understand them all. Click here to learn about which type of lease situation is best for you. We would be more than happy to answer any further questions you may still have after looking this over.
NAI Isaac Commercial Properties is based in Lexington, Kentucky and specializes in the leasing, sale, and management of large commercial real estate throughout Lexington and the surrounding areas of Central Kentucky. Our staff is professional and experienced in property management, leasing, acquisition or disposition of office, retail, and industrial properties, as well as investment and development opportunities. We want you to achieve the full potential of your business and we are here to help you do that. We are excited to address any real estate opportunity or challenge that you have for us. We are confident you will love working with us. We are the only real estate firm in Central Kentucky to achieve the AMO designation, so you can expect nothing less than the best. Give us a call today and let us know how we can help you!