July 15, 2014

5 Questions to Ask Your Prospective Landlord

You should never walk into a big commitment without asking the appropriate questions. If you are unsure of something in the contract or about the services that your landlord offers, don’t be afraid to ask. The more you know about your future situation the easier your process will be.Here are a few questions you should be asking:

1.The Lease and Payment

There are a few different ways that landlords go about leasing their properties. Before you enter into contract writing and negotiation, ask if the agreement will be a long-term or short-term lease.Also, you should be aware of how payment works. The price of utilities, maintenance, janitorial services and any other costs should be explored.

2. Talk to Current Tenants

Speaking with current or previous tenants is a great way to uncover any possible red flags.This gives you the opportunity to partially understand the working relationship that the landlord has with his tenants. In your conversations, you will be able to catch any discrepancies, concerns, benefits and attributes that are associated with the potential property.

3. Parking

Whether you have thought about it or not, parking is a serious aspect of leasing an office space. Your employees should be as comfortable as possible. There should be an appropriate amount of spaces to accommodate visitors and employees. The area around the building is just as significant as the inside.

4. Signage

Displaying your organizations name is crucial to the business, however, some landlords may have restrictions on what type of materials you may use.Discuss the size, materials and any other components of signage that may pose an issue.

5. Office Renovations

If you need to make changes to the floor plan, first ask the landlord if they will enable you to conduct any necessary renovations. Then inquire if the cost will be included in the rent.The more you know about your future property the more prepared you will be in the event that an issue should arise. A few simple questions can be an assistive component to the property search.

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