Making sure that all customers can access an Orange County brick and mortar location is often a priority for small business owners. This means making sure that the rental space is compliant with the Americans with Disabilities Act. If not, upgrades may need to be made in order to ensure that the building is up to code and that everyone may access the location. This brings up another question that a prospective commercial tenant may want to ask -- who is responsible for what when it comes to ADA compliance?
Every investor, owner and developer's desire is to fill a building and have it become profitable. For this reason, the hunt for commercial tenants often begins before a particular Orange County building is even completed, if it is a new development. The problem sometimes lies in finding that last commercial tenant to bring occupancy to 100 percent.
When some Orange County entrepreneurs consider starting a business, they look to franchises. Since much of the business is already established, it allows for certain guarantees when it comes to the success of the business. In some ways, this also makes a franchisee a special kind of commercial tenant.
You might not know what where it comes from, but you certainly recognize the ubiquitous sign:
A commercial tenant may spend a significant amount of time locating the perfect place to do business. The way the market here in Orange County and elsewhere in the country appears to be at this time, a prospective tenant may be able to negotiate more favorable terms when it comes to the lease. In fact, a landlord may agree to throw in some free perks as well.
Securing the right rental space here in Orange County can be a challenge. After what may be an exhaustive search, a commercial tenant must then begin the arduous and often unfamiliar process of negotiating the terms of a lease. More than likely, the landlord has done this numerous times, and probably already has built a library of forms for nearly every situation.
No matter how much planning you do, something could go wrong. For this reason, part of your business planning involves purchasing insurance policies to cover different eventualities that could occur during the course of your business. As a commercial tenant, your Orange County landlord will more than likely expect you to include liability insurance in those policies.
Unless you intend to purchase property for your new business here in Orange County, you will need to sign a lease for the space you need. Like any other commercial tenant, your lease will more than likely be about much more than just the rent and term of the lease. Below are three issues you may want to watch for when negotiating your lease.
Landlords here in Orange County enter into lease agreements expecting each party to fulfill the terms of those contracts. When a commercial tenant attempts to walk away from the lease without paying, the landlord may need to take that tenant to court. This is what happened when Starbucks broke numerous leases for its Teavana stores across the country.
Owning an Orange County business often comes with plenty of satisfaction, but it also comes with plenty of responsibility. One of those responsibilities is to take reasonable measures to keep the premises safe for those who frequent the business, but accidents do happen. Whether you are the landlord or the commercial tenant, dealing with premises liability issues can be tricky.