Renting business premises
A commercial lease is often a company's biggest fixed cost, and the terms are more freely negotiable than in a residential lease. This guide helps you assess your needs, negotiate and avoid the most common pitfalls.
You will need
- An estimate of your space needs and budget
- The company's financial statements or business plan
- Money set aside for the rental deposit
- Time to view premises
Steps
Define your needs
Write down the square metres, location, customer visits, parking, accessibility and any permits needed. Also consider whether a coworking space or shared office would be enough to start with.
Calculate the total cost
Check the permitted use of the premises
Choose the type of lease
Negotiate the terms
Agree on the deposit
Carry out a move-in inspection
Take out insurance
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