Renting retail space here in Orange County may have been the best choice for your company. After negotiating a commercial lease you felt worked well for your situation, you settled in and opened your doors. When you signed your lease, you relied on the fact that you and your landlord would fulfill your separate obligations without question. However, that might not always be the case.
In order to better serve their patients, and potentially increase their walk-in traffic, many in the medical field are looking to lease in what some may call an unusual place. Shopping centers are becoming popular with California specialists (such as allergists and dermatologists) and family practitioners alike. If you are considering moving into a more retail centered location, you may need to be ready for some surprises as you negotiate your commercial lease.
When you start looking for places here in Orange County to set up shop, the realization that you are starting your own business may hit you. In your excitement to get the ball rolling, you may be tempted to rush into a commercial lease for the space you believe is perfect. The problem is that failing to take the future of your business into account could limit its possibilities.
Many California residents believe that online shopping is the best thing since sliced bread. No more battling traffic and crowds in order to shop, and the goods are delivered right to the front door. While this immensely popular way to shop retail is good for consumers, could it mean the end of malls?
Opening a business here in Orange County can be an exciting prospect. While contemplating the prospect of opening the doors, building a customer base and enjoying some success, an entrepreneur has many tasks to complete. One of them may be negotiating and signing a commercial lease.
As a large retail corporation, you know that developers may court you to lease space on their properties. You know that for them, leasing space in shopping centers is all about anchor tenants, of which you are one. This puts you in a unique position when it comes to negotiating commercial leases for retail space here in Orange County.
Last month we talked about common area maintenance and the wildly fluctuating fees property owners charge tenants in some cases. Fees for CAM, as the name suggests, go toward the maintenance of common areas, like parking lots. A given tenant's CAM costs principally depend on the amount of rented square footage, but the property owner has a lot of discretion in determining CAM costs. In other words, tenants should double-check that they aren't being over-charged.
Starting a new business here in Orange County, or anywhere in the state, requires you to look at numerous financial considerations. One of the monetary issues that you need to include in your planning involves the amount of rent you will pay for your retail space. This number ultimately involves more than just a price per square foot.
More than likely, one of the reasons that you chose to purchase a franchise was because much of the legwork needed to make your new business a success was already done. Even so, it will be up to you to make your particular franchise here in California a success. One of the crucial details that may not get enough attention is the negotiation and terms of the commercial lease for the location.
The title of this post is a cheeky reference to acclaimed fiction writer Raymond Carver, who died in 1988, and his 1981 short story collection What We Talk About When We Talk About Love. Many of Carver's stories are populated with "regular" characters facing workaday circumstances, like the fraught relationship between a husband and wife.