Making sure that you have read your rights, terms and conditions is also important. Whether you are a newbie to this or have been at renting and doing business for ages, there are some things that we think will help you to know and understand before you sign that agreement.
Read the Entire Document
It is very important that you sit and take time to read the entire document before you sign anything. It is always a good idea to go with commercial lease lawyers Melbourne to know what is in the document. With the right assistance you might even be in a better position to understand the legal terms that are usually found in such a paper. Make sure you know the rates of rental increment over the years, the terms and conditions that you are agreeing to, the things that you are obliged to and also the dates the contact will come to an end. All these information is very crucial to making sure that you have a smooth ride over the tenancy period.
Negotiating the Best Deal Is Never Too Late
Before you can sign that document, you should understand that you are still in a position to negotiate. You can always find out if they are willing to cut down on certain additional charges and costs for you. Certain building maintenance charges that you can discuss. Perhaps you would rather pay a slightly higher rent than pay hidden costs that can add up to a very large amount at the end of the day. There is a huge possibility that the owner will agree to such terms. So just because you have been given the property to use, do not feel intimidated to discuss and negotiate a fair deal.
The Location Is Something You Should Discuss
Sometimes certain business properties can be located close to residential properties. You should make sure that you will not have any issues after you sign the agreement. Find out from all the local authorities to see if you can actually run your particular business in such an area. There are certain places that will allow for businesses that are quiet in nature like a clothing boutique or a fashion house but not permit a restaurant or a production house. So you need to find all the details before hand so that you do not find yourself in a messy situation.
Look Into the History of the Landlord
Even though this might seem like an unkind thing to do, but the fact remains that you want to get in to a contract with someone who has a good history. Since such tenancy agreements are usually for many years, you do not want to have unhappy and unpleasant encounters and issues after having signed the agreement.