When we are planning to take a specific place on lease for our business, we have to evaluate countless things. From area to location and appropriateness to space, all these aspects have to be evaluated properly so that we can wisely decide what kind of property we should go for. In addition to this, there are certain legal points too that all the tenants must consider every single time.
In such cases, a particular land or property is rented out by a landlord to a tenant on the lease. In the contract that is signed between the two parties, it is clearly mentioned for how long the lease is created and what would the conditions be for the tenant to occupy the property for the given time. There can be an endless number of clauses mentioned in one single lease, making the whole deal quite complicated.
There are going to be several clauses that will benefit the tenant and several of them that will be advantageous for the landlord. It is important for you to know that no deal will benefit both equally. However, here we are with certain points that you must keep in mind while getting into such kinds of contracts.
Things to evaluate before indulging in commercial lease
Some of the important factors to keep in mind include-
- Make sure that you have properly mentioned the term of the lease in the contract. There should be no misunderstanding about this concern as it can backfire immensely.
- Discuss with the landlord in advance about the reviewing of rent in future. You both should be on the same page when it comes to increasing of rent to a certain amount after a couple of months.
- Discuss in advance with the landlord regarding the possible changes that you can make at this rented property. Do not cross the limited permissions and renovate the area without the knowledge of the landlord.
- It is very important for you to be aware of your rights as a tenant. Stay in touch with a good lawyer to be aware of your hold on this property you are paying to occupy for a given time.
To know more about how to work out a commercial lease deal perfectly, reach out to a good solicitor Glasgow and get a reliable deal prepared for your own betterment.