Leasing a commercial property is very different from renting a home. Business owners need to understand lease terms, hidden costs, and how the space will impact their operations. Here are the top five things to know before signing.
1. Understand the Type of Lease
Is it a gross lease, net lease, or triple net lease (NNN)? Each comes with different responsibilities for rent, taxes, insurance, and maintenance.
2. Location Matters More Than You Think
The right location can make or break a business. Consider foot traffic, accessibility, parking, and visibility when choosing your space.
3. Zoning Laws & Permits
Not all commercial spaces can be used for all purposes. Verify zoning laws to ensure your business type is permitted in the location you’re considering.
4. Tenant Improvements
Will you need to renovate or build out the space? Clarify who pays for upgrades and how long it takes to complete.
5. Future Growth Potential
Think long-term—will this space still work for you in three to five years? Relocating too soon can be expensive and disruptive.
Leasing commercial property requires planning, research, and negotiation. Work with REMAX Elevate Realty, we specialize in commercial real estate to ensures you avoid costly mistakes and secure the best terms.
👉 Searching for your next business location? Let REMAX Elevate Realty guide you through the leasing process.
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