Business Property Lease

Find A New Location For Your Business

When finding a new business building to lease, there are more financial factors to consider than just the cost of rent. Most buildings come with a host of additional location costs that should factor into any decision.

Additional Location Costs for Business Buildings

Most of the costs associated with leasing business property can be estimated before signing on the dotted line. Before locking into a deal, all business owners should figure out the total cost of leasing in the building. The following should be considered:

  • Base rent - the fixed price/square foot cost
  • Percentage rent - what if any fee is charged based on gross sales
  • Maintenance fees - who pays for upkeep of common areas and leased areas
  • Property taxes - what percentage is the responsibility of each tenant
  • Utility costs - the average monthly utility bills for comparable spaces
  • Repairs and remodeling - how much needs to be done and who pays
  • Marketing costs - how will the location of the building affect the need for advertising

Creating a complete picture of all of the costs associated with any new business property is important, and many of these costs can be negotiated with the landlord. New business owners can benefit from the help of a business broker experienced in negotiating building leases.

RPI Commercial helps companies find the right location and arrange fair leasing terms with landlords. Call 1-877-549-5210 or send an email to info@rpicommercial.com for more information about available services.