Before you sign the dotted line on the lease for a commercial office space for rent in Overland Park, KS, make sure you ask some nit-picky questions so that you don’t run into any unpleasant surprises later on in your lease. Here are a few things to ask about, as suggested in the article “9 Things to Remember When Taking Out a Commercial Lease.”
#1 Does the rent make sense?
You always want to double check the listed rental rate for a potential office space for lease in Kansas City. Make sure you know whether it covers common areas, such as restrooms, corridors, or elevators. Try to bring an objective party in to measure the space, to check to see whether the thickness of the walls was included, for example. Also find out about any annual increases in rents.
#2 Who pays for what costs?
Make sure your lease clearly outlines who covers various property expenses, including repairs, maintenance, heating and cooling. If you share the responsibility for any costs with your landlord, make sure you understand exactly how that is divided up.
#3 Can you alter the office space for rent in Kansas City?
If you want to make changes or improvements to space, make sure that something that you cover in lease negotiations. You want to know who is responsible for paying for the improvements, and whether you have to return space to its original condition before you move out.
#4 How long is the lease?
Landlords typically prefer a long-term leases, so that they don’t have to worry about finding a new tenant every few years, but newer businesses usually try for a short-term lease with options to renew once the lease term is over. The downside of this option is that you might experience more rent increases each time you renew, But a long-term lease can be very risky if your business isn’t stable. It is also worth noting that if you do opt for a longer lease, you might have some more negotiating power with the landlord.
#5 What are your rights as a tenant?
Can you assign the lease? Can you sublease? How much notice do you have to give for terminating the lease, and what are the penalties? Make sure you know exactly will happen if your business needs to leave the space and try to negotiate to protect yourself as much as possible.
Before you enter into a lease, the most important thing is to make sure your business knows exactly what you are getting into. Don’t cut corners with researching and negotiating – it pays in the long run to get the best possible deal!