What You Should Think About Before Leasing in Sacramento

8/28/2017 (Permalink)

Leases are an important decision in your business, be sure to make the right one.

There are lots of factors to consider when finding space for your business, here are a few tips and resources to get you started.

Whether you are starting a new business, expanding your current business, or even moving a business you need to make sure you are making the right decision. Asking the right questions is the best way to finding the information you need.

1. Who is the Landlord? Who owns the building?

It is important to know who the people you are going to be renting from, and what their background are like. You can change the way you approach negotiation, or have an understanding for what their expectations will be.

2. How long has the building been owned by the current owners?

Depending on the answer to this, they may have more or less likelihood to keep it, or to possibly sell it in the future. Having the property be sold while you are leasing can be disruptive and should be avoided. New owners will also probably have a high mortgage cost, making renting from them more expensive than normal.

3. Is the landlord/property manager/building owner close?

Should you need to reach any of these for any reason, it is important that they are close. Whether you need a decision, have a question, or any concerns having all of these easily accessible is a good thing.

4. What businesses have been in the building, what is the history?

Depending on the age, you may have more considerations for upkeep once you have moved into the space. As well, if a similar business has operated here and had to shut down, you should find out why that happened and possibly avoid the space if it is a concern for your business.

5. Who were the last tenants and why did they leave?

If you can find these tenants, they can provide valuable information for dealing with the landlord, rental agency, or property management.

6. Are there plans to sell?

Plans to sell the building you are leasing will prove disruptive to your business. One strategy of a person looking to sell may involve increasing rates to increase the market value of the property.

7. Who is the largest tenant?

Also known as anchor tenants, these tenants likely pay the most rent for the building and can have large effects on the traffic driven to a particular property. If they are about to move or leave, you should know about it before leasing a property.

From your friends at SERVPRO of North Highlands and Rio Linda, we hope the next time you move your local business, or start one you make the right decision. Be sure to check out our other blogs to find out if your business is at risk for mold, and what you can do to prevent mold, water, and fire damage. Visit our website for more information, and call us 24/7 if you need mold, water, or fire remediation at (916) 991-1522