Summary
If you are looking for commercial space to rent in London, then connect with a professional agent who will help you get connected with several landlords offering commercial space to rent in London. An agent understands your specific needs and helps you connect with people who can meet your demands. However, in this write-up, you get to know the specific questions that you need to ask before signing the lease papers.
If you are looking for a commercial space to rent in London, then it would be a great decision to look beyond your utility costs and the monthly rent. Renting any space is not easy, and there are certain questions that you need to ask the agent offering you commercial space to rent in London. There are plenty of agents out there trying to help landlords and occupants connect and find the best place that caters to their specific needs. However, the first step should be to ask questions and clear your doubts before you decide on signing the lease agreement.
Here are a few questions that you need to ask before deciding on a commercial space for rent in London.
What kind of commercial lease is given?
There are various kinds of commercial leases, and it's important to consider the type of lease and the obligations associated with it. Ask the agent or the landlord before signing the papers for commercial space to rent in London.
Are the lease terms negotiable?
One great way to know whether you will have an easy time with your future landlord is to ask him or her whether the lease terms are negotiable or not. If they are flexible and willing to negotiate the terms of the lease, then it means that things can work in your favour and you have met an adjusting and accepting landlord. On the other hand, if the landlord forces you with unreasonable lease terms and decides not to negotiate, then it’s better to look for other commercial space for rent in London.
Can the commercial space be modified?
It’s not possible to find a commercial space that you would like. That's the reason why it’s recommended that you ask the landlord if they are agreeable if you modify the space to suit your business needs and requirements. If the landlord agrees to such a clause, then you can have the commercial space for the long haul, as whenever there is a lack of space, one can intelligently modify the area to provide more room for the expanding business.
Are there any other tenants on the premises?
Before you sign the commercial lease, get to know if there will be any other tenants in the building. This is important because many businesses on the same premises might harm your brand. It's important to choose buildings that add prestige and value to your brand.
What are the amenities available?
Get to know if the crucial office amenities are available or not. If you need an office kitchen, then ensure that it's available. If the office requires an internet connection, ensure that the relevant connectivity is available beforehand so you don't have to struggle to get the amenities.
How long is the lease contract?
You need to know how long you can use the lease property before you sign the contract. Additionally, you should establish when the lease starts and when it will end. Moreover, ensure that the property is ready for the start of the lease; for example, if the building construction hasn't been finished yet, then reconsider signing the lease contract.
Will the commercial property rent increase?
The cost of the property is highly predictable, which is why you need to ask your agent or the landlord whether the cost of the rent will increase or not. Also, get to know if the landlord believes in reviewing the rent annually and what the predicted rise will be.
Will the lease be renewed if the term is over?
Every commercial lease has a fixed term period, and that's why you need to know if the lease term will be renewed or not. All these should be determined before signing the lease contract. At times, the landlord might decide not to renew the lease. However, in other cases, the lease is automatically renewed. Whatever the scenario, asking this question can make things crystal clear, and signing the contract would be more decisive.
Who will pay for any kind of property improvement?
In the future, when you need to carry out any property improvements, you need to know who will be spying on them. Any improvements, be they office decor or a damaged window, need to be approved by the landlord. Make sure the landlord is agreeable, and don't create a hassle by giving his or her approval or paying for it.
Final Words
If you are looking for commercial space for sale in London, then connect with a reputed agent to get connected with the best landlords offering high-end buildings at a reasonable price.
Author bio
The writer is an entrepreneur in London and understands that finding a commercial space to rent in London can be quite challenging. He understands that finding the best commercial space for rent in London gets easier when one connects with an agent. The writer not only runs an IT firm but is also well-connected, and he uses his networking to help people find commercial spaces for rent.