Choose two or three acceptable areas. Having some flexibility in regard to location tends to open up more opportunities. Lease Contracts A lease is simply a binding contract that allows your business the use of a property for a specific period of time at an agreed upon amount of rent. Leases tend to be long, detailed documents and should be fully comprehended, as they protect both the tenant and the landlord. It helps to understand the language of commercial real estate.
Usable space refers to the actual measurable space within the walls.
Rentable space is the term used when the landlord requires the tenants to pay for a percentage of the common areas within a building. Negotiations typically begin when the landlord provides a presentation sheet listing the basic information about the property, including the lease rate. The actual rate paid and concessions made depend upon a number of factors. Considerations include the desirability of the property and its location, current market conditions, and your own financial prowess and attractiveness as a tenant. As you focus in on a desirable site, be sure the landlord is sound and reputable.