Orange County property owners choose certain locations in order to maximize their investments. After making sure that a particular property is attractive to potential tenants, a future landlord needs to protect it. This means obtaining the proper insurance coverage.
Property owners and developers here in Orange County could find themselves hunting for renters at times. During these times, landlords could need to "sweeten the pot" in order to keep their properties full. This often means making concessions to a prospective commercial tenant.
Like many other states, California views matters differently when it comes to renting property to an individual as opposed to a business. Individuals are given certain protections that a commercial tenant would not receive. Before renting a commercial property, it would be a good idea to understand some of the differences, especially if a new venture is just entering into this rental market.
Finding the right property to rent can present a struggle to some business owners. In addition to the ordinary concerns a potential commercial tenant may have, other issues could require close attention. This could be true for zoning issues that might prevent a tenant from using the property as desired.
You may believe that since your lease outlines all of the rights and responsibilities of the parties, that everything will be smooth sailing. After all, you spent a significant amount of time negotiating it, so everyone should live up to his or her obligations. Sadly, that is not always the case whether here in Orange County or elsewhere. A commercial tenant and a landlord do not always get along.
Accepting the first draft of a lease would probably be a mistake in most cases. Instead, a California commercial tenant may want to review the terms to make sure they are fair. One of the places where a budget for retail space could be busted is in the operating expenses, so they need particular attention.
Renting out commercial space can be a profitable venture for California entrepreneurs. As part of the leasing process, a landlord will need to choose the type of lease to use. When choosing a triple net lease, it would be a good idea to make sure that certain protections for the property owner are built into the agreement.
Signing a lease for a business space here in Orange County or anywhere else often requires more than just the renter's word for payment. Since the collapse of the real estate market, more property owners want more than just a lease to ensure they receive their money each month. A commercial tenant may need to be ready to provide a personal guarantee.
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.