Renting commercial property is a need for most businesses, whether long established or just starting a venture into the business world; it could also result from a Dallas office lease company that has simply outgrown its current space. Because of the obvious cost factors, it is a decision that must be carefully determined.
When looking for such a location, there are several things that need to be considered to ensure that the right decision is made in order to protect a company from any unnecessary expenses.
There is a lot to know about what goes into the perfect rental on both sides of a contract, so research about the topic would offer a better bargaining position when trying to get the best deal possible. Some things that should be understood would include:
- Rental Rates – Current rental rates for a desired area would need to be researched. Calling and/or visiting potential rentals would be helpful in order to compare what is offered in each one; it would also show what is available as a result of the current economy and rental market.
- Amenities – Find out specifically what is included in the rental agreement and what things such as insurance and utilities might not be included.
- Other Expenses – Determine what will have to be paid at the conclusion of a lease, especially in regard to changes that have been made in the facility and/or any damages that may have occurred. It is a reasonable request by an owner and can be prepared for by a renter if it is known ahead of time that such contingencies are a part of the contract.
The information that has been gathered from the various sites that were visited should be compared to eliminate those that do not satisfy company needs.
When looking for a Dallas office lease, it could be a good idea to hire a professional to help handle all the leasing details. Following are some areas to consider about hiring a real estate agent to help.
- Knowledge – A real estate broker or leasing agent undoubtedly knows more about the commercial leasing market than the average person, not just in space availability in a particular region but also about other necessary things pertaining to the renting of commercial property, such as researching a property owner or landlord, and pertinent local business laws concerning commercial property rentals.
- Negotiations – Once some good locations have been found, the negotiations process can begin. Considering the fact that commercial leases are very different from residential leases, retaining a real estate professional can be very beneficial. A broker understand how and when to be better leasing terms in a contract.
- Contract – Another serious matter to consider is a review of the final, negotiated contract by a real estate lawyer or other professional before it is signed. This review can offer confidence in what is included in the contract regarding the responsibilities and liabilities of a renter; anything less than that could leave room for misinterpretation and problems, especially for a business. Extra expense, unexpected legal conflicts and bad business relationships can be avoided by knowing what is specifically included in a contract’s legal language.
Some consider that this is a good time to rent commercial space because of the current economy. There are many available options for a Dallas office lease, with more vacancies than usual in many different commercial buildings. Allowing plenty of time for an early exploration of available rental property can indeed aid in finding the best possible lease for a business. Following the tips listed above can hopefully result in a good location for any company!
Call LCRG to Help Find a Great Dallas Office Lease!
Are you looking for a Dallas Office Lease for your business? Call LCRG – Laughlin Commercial Realty Group – at 214-526-2626 to help you find the right space for your company!