5 Factors to consider while you rent commercial properties

1
5 Things to Check before renting Commercial Place

• A Checklist to go through before renting
  commercial properties.
• -By Lallabi Real Estate

2
Introduction

• Location
• Condition of the Property
• Costs and Fees
• Safety and Security
• Other Factors

3
Location

• Main Criteria is Accessibility.
• Easily accessible for Employees, Clients, Vendors
  and Distributors.
• Connected by Public Transports.

4
Conditions of the Property

• Uninterrupted Power and Water Supply.
• Safety of the building from fire like fire exit
  stairs
• Inspect major and minor faults in the building
  (leakages in water pipes, non functional
  electrical sockets etc)
• source
  http//blog.lallabi.com/articles/113/Things-to-Che
  ck-Before-Renting-Commercial-Properties-in-India

5
Costs and Fees

• Beware of Additional Costs and Hidden Fees.
• Additional costs maybe repairing of the space,
  electrical and phone wiring costs.
• Hidden costs are sometimes expensive building
  maintenance and security maintenance.
• Clearly mention about these terms during
  negotiation.

6
Safety and Security

• Safety from Fire and other Accidents.
• Proper Functioning Security and Surveillance
  cameras.
• Availability of Security Staff 24/7.
• All Safety and Security measurements should be
  clearly mentioned in the agreement.

https//realestate.lallabi.com/
7
Other Factors

• Is modification of the space allowed?
• Quality and Condition of furniture in a furnished
  space.
• Beware of Additional Clauses.
• Functional Fire exit stairs and security cameras.

8
Conclusion

• Always read the agreement multiple times.
• Get advices from experts.
• Read in between the lines for additional clauses
  and hidden costs.
• Also read Things to check before buying flats in
  Bangalore