Congratulations! You just secured your franchise, or you have a fantastic idea for a brand-new business – what do you do next? As a tenant, a landlord will be looking for specific things from you.
When looking for a property, you should go to the bank first and get a pre-approval in place. Get pre-approved for not just the cost of the lease, but also potential build-out costs.
Work with a REALTOR®
A commercial real estate professional will be able to walk you through the process while educating you. A REALTOR® will also bring all the additional partners required to have a successful transaction.
Hire a Lawyer
After the offer-to-lease has been accepted, you will require legal advice from a lawyer about the lease. Your REALTOR® can refer you to a trusted lawyer to help you finalize your agreement between you and the landlord.
Prior to the offer-to-lease being accepted, the landlord will want to vet and approve the contractor for the build-out of the space. During the build-out of the space, the landlord will likely want to be involved, and there may be policies you will have to abide by including a noise policy.
If you are looking into leasing a space for your business and need a sherpa to help and guide you through the leasing process – give Craig Hummel a call at 780-504-2379.
RE/MAX Excellence Commercial Division