Leasing a commercial building is a critical step for any business owner. You might want to negotiate the best deals while getting a property in an ideal location. At Boosalis Properties, we have been in the business of negotiating the best deals for our clients. Our success in this field comes from having a strong network of financial partners, landlords, contractors, and brokers. In this way, we maximize such relationships and pass on the benefits to our clients. However, we always tell our clients to educate themselves with the relevant knowledge when looking for commercial buildings for lease in Woodbridge, VA.
We will often highlight some of the considerations you may need to factor in when looking for a commercial lease below.
Leasing Commercial Buildings in Woodbridge, VA
Different properties may have different lease terms, so it is essential to arm yourself with relevant knowledge before signing any document. With sufficient knowledge, you manage to make informed decisions and possibly protect yourself against unnecessary risks.
Working with Experts is Crucial
It is an excellent idea to let the experts handle the search and negotiation of the commercial buildings for lease in Woodbridge, VA, for you. Our clients often ask whether they can take the process on their own. Our all-time response is; if you may be having the relevant expertise, then go ahead. If you do not, you may end up putting yourself at risk of losing money through poor negotiation for the best rates. In other cases, you may not understand parts of the lease. You can easily overlook some of the charges that may apply to tenants. You could also miss the benefits of working with vetted partners who can make the process so much easier for you.
Understand the Difference between Commercial and Residential Leases
There is a huge difference between residential and commercial leases. The main differences include:-
- There is less legal protection around the commercial property and what you will find in residential properties. Things like caps on security deposits and tenant privacy protection laws do not exist.
- The landlord determines the terms of the lease agreement, and there is no requirement on any standard forms on commercial properties.
- Getting out of a commercial lease may be a bit more complicated. You must ensure an exit clause to protect your interests if you decide to break the lease.
- You have more leeway about negotiating the best rates. You may also benefit from some fantastic terms from property owners who may be looking for long-term clients.
Understand Your Needs
Looking for a commercial building for lease in Woodbridge, VA, requires a good understanding of your business needs. Please factor in the following essential questions:-
- Can your business afford the rent?
- Do you want a short-term or long-term lease, depending on the projections you have for your business? Short-term leases may be ideal for a company that is still in the process of scaling. You can get a quick exit if you need a larger space.
- Think about other factors such as marketing, accessibility, security, and parking for your customers.
Understand Hidden Charges
Leasing a commercial building comes with charges that you may need to be very clear about from the get-go. Ask the leasing company or the landlord, if you are negotiating directly, to break down all the charges for you. Other than rent, additional charges may include taxes, insurance, management fee, percentage rent, CAM, advertising, amongst others. While some of the costs can be unavoidable, having an expert negotiate for you can make the lease more favorable to you. Remember, the landlord wants to protect their interest, and so should you.
Other factors, such as the operating expense clause, cover the landlord regarding the cost of maintaining the building. The landlord can charge you for any out-of-pocket expenses, which you may not have too much control over. Insist that you get an itemized list that covers such costs. If not, the landlord might take advantage of the situation and have you pay for things that you may have nothing to do with.
Improvements to the Commercial Building
You need to understand what you can and cannot do to the commercial building. You may need additional space or find that you need to make some adjustments depending on your business needs. It is essential to think about the direction your business might take before you lease the property. Working blind or based on the position you currently may be in can prove costly in the end.
With clarity concerning your business Direction, you can ask your real estate agent to include some of the adjustments you may need to make to improve the space.
Boosalis Properties will Negotiate Excellent Deals for You
You undoubtedly want the process of getting your commercial building for lease as smooth as possible. However, the process can be overwhelming and can put you at financial risk. It helps to have the right partner on board, and that is what Boosalis properties can offer you. We have worked in this specialty for several decades and have negotiated fantastic deals for our clients. With years in the market, we have built a strong network in the real estate industry and financial sectors.
When you book an appointment, we will do a consultation to understand what your business may need including commercial buildings in Woodbridge VA. We will then get ideal properties for you and negotiate the best rates. We will also ensure that you have a readily available property to continue with your business uninterrupted.
Contact us or input your details in the form below for a consultation today. You can relax with the assurance that your search for a commercial building is in good hands.
