When you’re about to sign a lease it’s highly recommended that you read through the commercial agreement thoroughly and carefully.
If there is anything you’re even slightly unsure of, it’s always worth talking to a lawyer or an impartial person who is well-informed of such proceedings to clarify anything.
It’s highly recommended that you read through the commercial agreement carefully.
Before signing the lease, it’s highly advisable to go on a “walk-through” of the property.
Whilst walking through the property look closely for any damage. Are there cracks in the ceiling? Signs of rising damp? Problems with the guttering to the outside?
If you spot any existing damage, take a photographic record of it so that you won’t run the risk of being accused of causing the damage, should you vacate the property.
Generally, any repairs the property may require should be made well before you move in and prior to signing the lease.
If the property requires some upgrades after you move into the property, then make sure this is fully detailed in the lease, along with completion dates.
If you had to close your business due to unfulfilled repairs not being made on time you’d lose out on a significant amount of money.
After successfully negotiating the lease and are happy to sign it, don’t be afraid to reread the document again fully, and make sure you fully understand each word.
Use the following checklist to ensure all points are covered in your commercial lease:
From working with some of the country’s biggest chains through to industry-leading individuals, Restaurant Property are well tried and tested in the work of commercial leases, making them the ideal people to help with your next property venture.
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