How Do You Negotiate A Commercial Lease?
When you are looking for a place for your business, you’ll likely ending up leasing it. But before you agree to the basic terms of the commercial lease that your landlord hands you, you should realize that there is some leeway when it comes to commercial leases. Here are some suggestions to help you negotiate a commercial lease that you can be happy with. Step 1: Discuss the basic lease cost. The first topic you and your landlord need to discuss when negotiating a commercial lease is how much you will pay to rent the space. Usually, your monthly rent will be determined based on the square footage of the commercial space, calculated at a ‘per square foot’ cost. So a 2000 sq. ft. space that rents at $5 a square foot would be $10,000 a month to lease. On top of this basic rental cost, you may also be required to pay for the maintenance of any common areas, like walkways, parking lots and restrooms. See if the landlord is negotiable on the cost of this maintenance, or if you can come to ag
