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Commercial property is a property designated for business purposes rather than for personal usage or housing. Renting this type of property is a huge asset to business owners, seeing as it affords much greater flexibility than buying and can significantly reduce upfront real estate costs.
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Being a commercial property tenant also requires the use of less capital, allowing business owners to relocate to a newer or bigger space when their lease is up, or requesting that a landlord be responsible for any essential upgrades or repairs.
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If you’re looking for a commercial lease to accommodate your business, this article will give you all the details on everything you need to know!
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How Do Commercial Leases Work?
Once you find the perfect space for your business, the property’s owner will ask you to sign a commercial lease agreement. This document grants you with tenants’ rights to the property and can also help the property owner manage their tenant relationship.
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In other words, by signing this contract, you and the landlord will agree to various rules and responsibilities pertaining to the property during the period of your lease.
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The terms and conditions in a commercial lease agreement include a number of details that are typically more complicated than those in a residential lease agreement. Some common terms outlined in a commercial lease include the cost of rent, the lease’s duration, usage rules, and improvements or repairs to the property, among other details.
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It’s important to note that not every commercial lease will look exactly the same. This legally-binding contract is negotiable to meet the needs of individual businesses, which will ensure you get the most out of your property during the lease’s duration.
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How Do I Find A Lease?
Finding a commercial lease can be a huge source of stress for some business owners. But luckily, you can avoid the headache and still rent out the perfect space with access to the right tools and resources!
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Although it won’t provide 100% of the information you’ll probably need, starting your commercial lease search online can give a great perspective on average rent prices and available properties.
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Using the internet to find commercial listings is a great way to get a head start on the leasing process. For information on local commercial listings near you, check out one of Windermere Commerical’s official websites!
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But another, more constructive way to find a lease is by hiring a commercial real estate broker.
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A commercial real estate broker is a person specifically trained to lease or sell commercial property, and who will be your main consultant throughout the entire leasing process. This person can help you with everything from finding a property to negotiating the commercial lease agreement — which is often something that should be left to the professionals.
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How Will Windermere Help Me?
Whether you’re a business owner looking for brokerage services or a private investor needing property management assistance, Windermere can help with all your commercial real estate needs!
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Choosing Windermere Commercial means tapping into a network of highly reputable brokers across the nation. Our team of dedicated professionals is deeply knowledgeable on all phases of commercial real estate and is also in the know when it comes to navigating local markets.
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Plus, our affiliation with Windermere Real Estate gives you access to an entire pool of commercial real estate experts who are committed to helping you make your commercial real estate goals a reality.
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Check out our website to learn more about how Windermere can help with your commercial real estate journey. Contact our local commercial real estate experts Blake Arnold and Kevin Flynn to make your real estate goals a reality!
