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While finding a suitable office space is a challenge, your job does not end on finding the perfect physical address for your business, you will have to exercise due diligence in negotiating terms and while signing a commercial lease.
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Factors to be considered before signing the Commercial lease
Terms & Condition • Terms and Conditions is an Important section of an Agreement. The Terms and Conditions on the Lease Document should be Straightforward. • The details such as : • Commencement of the Contract • Termination of the Contract • Conditions for early Termination • Rules of Arbitration if any
Maintenance of property Lack of clarity in maintaining the business place often leads to disputes between the tenant and the landlord.
Common facilities to be Noted • You run a business or office so you require infrastructure facilities for both your clients and yourself. • Make sure the commercial space has common facilities such as - • Power Backups • Lifts • Parking Space • Water Supply
Sources : • http://blog.deltusrealty.com/leasing-commercial-property/ • https://deltusrealty.com/
Deltus Realty D-201, Shree Ram Arcade, Station Road, Anand-388001 +91 851 140 0500 info@deltusrealty.com www.deltusrealty.com