5 Tips for Renting Commercial Business Property
If you’re a business owner then you are probably familiar with the difficulties of finding a quality
small retail space for rent. There are lots of reasons why sometimes commercial property for rent can be hard to come by, and this can make it very challenging to locate the perfect retail space in which to house your business. Every small retail space for rent has multiple business owners who are eager to lease the space, which means there is lots of competition and the landlord chooses the person who is most suitable for the space. If you’re interested in learning more about what you can do to maximize your chances of finding a great spot, then this article will give you some great information. Here is a brief overview of everything you should do to put your best face forward for a potential landlord.
1. Get references from previous landlords
This is the first thing you should do because you should make sure that you have other people who will support your desire to move into a new place. If you have someone else who has previously run all of the logistics regarding any sort of business rental location then you should really get them on your side so they can tell others you are a responsible tenant.
2. Present a strong business plan
If you are going to be conducting business from this location then you should definitely make sure that you have a solid business plan in line because it is reasonable for a landlord to request this information from you. You should have someone look it over before you present it to anyone important because it is good to have a fresh set of eyes to detect any possible mistakes.
3. Explain who your customers are
A poster oak landlord will be much more likely to rent to you if you have a respectable customer base. This means you want to fully explain that you don’t sell to criminals and you run a completely above the board operation.
4. Be sure to get your finances in order
No one will rent to you if you don’t have a strong financial situation because this assures that you will be able to reliably make rent payments. If you don’t have enough money then you should make sure you have someone who will serve as a consigner on the lease.
5. Tell the landlord about your other options
You don’t want your potential landlord to think that this one property is your only option, so it is a good idea to tell them about the other offers you have and what they are charging you for rent. This can make the person you are working with much more likely to adjust the price, especially if you are the top contender.
What would you suggest for a local business owner who is struggling to find a small retail space for rent? Do you have any tips that could make someone more appealing to a landlord? If so, we would love to hear from you so please join the conversation and share your thoughts by leaving a comment below.