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Negotiating exterior factors in a commercial lease

On Behalf of | Nov 27, 2019 | Commercial Real Estate |

When searching for the perfect rental property in Orange County, business owners often spend a great deal of time on the interior space and common area maintenance, or CAMs. However, when considering a space and negotiating a commercial lease, it is also necessary to pay attention to the exterior aspects of the space as well. Three of the most important exterior factors include access, parking, and signage and visibility.

How will clients or customers access the leased space? Adequate parking and visibility will not mean much if the access to the building is difficult because the entrance is not readily visible. Of course, those with GPS may not have as difficult a time, but the route could still be convoluted.

Will clients or customers have a place to park? High visibility and good access may not be enough if people cannot find a parking space. They could decide to go somewhere else.

Does the business receive enough visibility? Is the signage in a place where passersby, customers and clients can see it easily? An Orange County business owner may not need adequate parking and good access to the property if no one knows the business is there.

Even though not the space in which the business will operate, the common areas of the building and more are certainly important aspects of the commercial lease, a potential tenant may want to make sure he or she discusses the exterior components of the rental space as well. Making sure a company’s customers and clients can reach the interior of the business is just as important. During negotiations, it would be wise to make sure that the above factors are covered in the terms of the lease.