Posts

Showing posts from January 27, 2019

What to Consider When Leasing Commercial Property

Image
When renting a space for your business there are several factors to consider. If you are going to sign a lease, you need to make sure that you are entering a financial beneficial decision. Here are some things that you should consider when leasing commercial property in Lexington, KY.
Usable Square Footage Prior to making a lease agreement, you should ask for clarification on the square footage. Commercial leases tend to quote the Rentable Square Foot of the property, but this is not an accurate portrayal of the space. The RSF figure is calculated based on combining the amount of square footage of the private premises with a proportional share of the building’s common areas. The collective areas are used among the tenants include staircases, lobbies, restrooms, and corridors.

To find the square footage of commercial property lease by itself, you need the Usable Square Footage. The distinction between the RSF and USF is important to make. You will need to know the difference between h…