Code Of Conduct To Follow When Renting Commercial Property
Written by Chris Channing Saturday, 10 July 2010 07:23
Applying for a lease on a property is a large step to move your business to the top of your local market. Being a good tenant can yield surprising results. It allows you to network yourself with the owner and have a good recommendation anywhere you go, as well as minimize chances of penalties.Applying for a lease on a property is a large step to move your business to the top of your local market. Being a good tenant can yield surprising results. It allows you to network yourself with the owner and have a good recommendation anywhere you go, as well as minimize chances of penalties.
Skimming over the contract is not enough to know what your responsibilities should be. If possible, ask the building owner to sit down with you and go over each section. That way you will be properly informed of everything you must know to successfully operate your business according to code. It also helps iron out any unfair rules that might be stuck in if you didn't read the lease.
Upon vacating the commercial area, you should take pictures of how everything is stationed. This will act as a guide for you to clean up should you need to terminate the agreement with the land owner. It will also prove innocence in a argument of property damage, and provide reference if there is an act of vandalism on the property.
A hard lesson learned is to always be on time with payments. If you don't know the land owner personally, even being one day late can mean a nasty red mark on your credit report. If you think you will be short, do give a prompt phone call to the land owner to give notification of the fact.
Everyone likes to see a clean lot and building. What some business owners don't know is that it could also be a requirement to keep the premises clean. If the property were to become dirty, it could lower the overall value of the property and neighboring properties. As such, there are usually clauses that spell out rules on cleaning the property. Clean up could include picking up cigarettes, assorted trash, and keeping lots free of leaves, snow, and foliage.
It is kind to give a long notice before you intend on vacating the property. Most business operations are considered to be semi-permanent, considering contracts can span several years. There should be some methods of breaking the contract in emergency. If that's the case, you should let the land owner know as soon as possible so that he or she may find a replacement for the commercial property. This may be subject to harsh fees.
In Conclusion
Just observing a fair policy of responsibility will get you through the relationship with your business' land owner. You will find that many of them have a kind heart and will give you the same respect that you give them- so treat them like a good friend at all times!