The Essential Things You Need To Consider Before leasing A Commercial Property

There are several factors that you need to take into consideration when leasing commercial property. We will give you tips on what to look for when renting a commercial property. Here are some tips from the experts at Property Transfer: 

• Get advice from a property lawyer before signing any lease. They can advise you on the lease terms and how they will affect you. Commercial leasing can be a complex legal process, and getting advice from a property lawyer or Property Transfer Experts Geelong is essential before signing any leases. 

There are several things to consider when leasing commercial property, such as the length of the lease, the terms of the lease, and the rights and responsibilities of both the landlord and the tenant. A property lawyer or property transfer expert can help you navigate the process and ensure you’re getting the best deal possible.

• Make sure you understand the lease terms, including the lease’s length and the conditions of renewals. Ensure that you know all of the lease terms before signing anything. The lease length is one of the most important aspects to consider, as this will determine how long you are committed to the property. 

You should also be aware of any conditions attached to the lease, such as having to maintain the property in a specific situation or make certain improvements. Commercial leases can be complicated, so it is always best to seek Commercial Property Leasing Advice Geelong before signing anything. By understanding the lease terms, you can be sure that you are making the best decision for your business.

• When leasing commercial property, it is essential to remember that you will be responsible for maintaining the property in good condition. This includes keeping the property clean and well-maintained. Additionally, you will want to ensure that the property meets your business needs in size, layout, and location.

Before signing a lease, tour the property accompanied by Property Lawyers Geelong and check that it is in good condition and will meet your needs. If you have any questions or concerns, raise them with the landlord before signing the lease. If any repairs are needed, ensure these are carried out before you sign the lease.

• It is crucial that you understand what your rights are as a tenant occupying a commercial property. As a commercial tenant, you have certain rights and responsibilities under the law. Before leasing commercial property, it is crucial to be aware of these, as they will impact the terms of your lease and how you operate your business.

As an occupant of a commercial property, you do have the legal right to: 

• Receive a written lease agreement
• Have the premises inspected by a qualified person before you move in
• Have the premises repaired if they are not in a decent condition
• Quiet enjoyment of the premises
• Be given at least 60 days’ notice before the landlord can evict you

As a tenant, you are also responsible for the following:

• Paying rent on time
• Ensuring that the overall environment is clean and repairs are done when needed
• Not causing damage to the property
• Notifying the landlord of any needed repairs