3 Things to Consider Before Signing a Property Lease Agreement

Getting an accommodation near your place of business is an important part of being a new entrepreneur or expanding into a new area. You need to know your short-term and long-term goals so you can come up with the best decision. Exapt.com.au says here are some of the things you must think about before signing a leasing agreement.

Company Growth

Is there room for your company to grow in this location? You can’t just focus on your immediate needs. Consider your plans of expanding and growing by making sure the area is enough for your company throughout the course of the lease. If you don’t think this through, chances are you need to find a bigger space to rent and spend more money in the long run.

Convenience

There are many city stay apartments near places that offer office spaces that you can rent or lease. If your apartment is too far from your office, long commutes may be discouraging. Being at the heart of the city is a key advantage because everything will be nearby. If you’re considering a space in the suburbs, just make sure you can enjoy lower expenses to make up for the possible loss of business.

Lease and Rental Rate Security

Lastly, you need to make sure that the agreement is secure and the landlord won’t let someone rent it when your lease ends. There’s nothing more disappointing than having to leave when you are already established in a place. Negotiate with your landlord in the initial lease that you have the right to renew it before he can offer it to other companies. You can also negotiate for the lease to increase only by 5% or less to prevent big increases when the time for renewal comes. Keep these things in mind to make the most of your new venture. By doing this, you’ll be able to monitor your business better and enjoy higher profits.