![\"Space](\"https:\/\/www.bafcorp.com\/blog\/wp-content\/uploads\/2020\/03\/Tenant-Improvement-Contractors-Indianapolis-IN.jpg\")
General Commercial Lease Inquiries<\/h1>\n\n\n\n
With all new commercial real estate leases, there are basic questions\nthat you must ask. These answers will give you the foundation of knowledge you\nneed to decide whether or not to move forward with the lease agreement. Such\nquestions include the following:<\/p>\n\n\n\n
What is the Type of Lease Offered?<\/em><\/strong> There are different types of lease agreements for commercial properties, including net leases, gross leases, triple nets, and absolute triple nets. <\/p>\n\n\n\n What are the Terms and Conditions? <\/em><\/strong>You must read through all terms and conditions, and derive questions pertinent to your overall objectives and limitations. <\/p>\n\n\n\n Is the Lease Negotiable? <\/em><\/strong>Most often, lease agreements are flexible, and landlords will negotiate certain elements in the lease\u2019s terms and conditions.<\/p>\n\n\n\n Will Rent Increase?<\/em><\/strong> Rent escalation is common in commercial real estate, like stepped increases that periodically increase in fixed amounts, or increases tied to Consumer Price Index.<\/p>\n\n\n\n Can You Sublease?<\/em><\/strong> Long-term leases might contain a subleasing and assignment clause that allows you to lease out all or a portion of your space to another tenant in the future.<\/p>\n\n\n\n Always be sure to tour the facility as thoroughly as\npossible before signing a lease. You want your potential commercial space to\nhave an inviting and functional atmosphere. When taking your tours, be sure to\nfocus your attention on cleanliness, attractiveness, curb appeal, practicality,\ndegree of remodeling or renovation needed, and amenities available, like parking,\ncafeterias, bathrooms, break rooms, lobbies, and more.<\/p>\n\n\n\n Before entering in a legal contract that binds you to a\ncommercial office space, it is wise to first check out your future neighbors.\nConsider the local businesses and buildings surrounding your potential space, including\nthe actual proprietors and contemporaries you will likely encounter on a\nregular basis. This could easily thwart your interest in a new commercial\nspace. For instance, if your business is a Zen spa, you wouldn\u2019t want to lease\na space directly below a dance studio or next door to a drum store.<\/p>\n\n\n\n It is wise to ask about the lease renewal process before making\nany agreements. Inquire about the terms and conditions of renewing or terminating\nthe lease. In some cases, a tenant is required to notify the landlord within a\ncertain time period that they wish to remain in a lease, while others do not. Communication\nguidelines and requirements for commercial leases vary from landlord to\nlandlord. So, always be sure you fully understand your role when it comes time\nto renew or terminate your commercial lease. <\/p>\n\n\n\n Another important topic of discussion to cover prior to signing\na new commercial lease are leasehold improvements. This includes facility maintenance.\nQuestions to ask include, \u201cAre you allowed to modify the space to meet your\nbusiness\u2019s needs?\u201d, \u201cIs the landlord willing to make tenant improvements before\nyou move in?\u201d, \u201cIs the tenant improvement allowance enough?\u201d, and \u201cIs a\nmaintenance program included in your lease?\u201d<\/p>\n\n\n\n Call BAF Corporation at 317-253-0531 <\/strong>to learn more about planning a new commercial space for your business. We provide full-service commercial space planning and permitting<\/a> services in Indianapolis, and throughout Central Indiana for all businesses and industries. Whether you’ve already moved into a new space or still searching for one, our commercial construction management team has what it takes to meet your unique specifications. Call our office today to discuss your commercial space planning and tenant improvement<\/a> needs, today.<\/p>\n\n\n\n Moving into a new commercial space is a serious undertaking. There are several complex steps to complete in order to get your business back to fully-operating at peak performance following a relocation. But first you must sign a new lease. … Continue reading Comprehensive Facility Touring<\/h2>\n\n\n\n
Neighboring Properties<\/h2>\n\n\n\n
Renewal Processes<\/h2>\n\n\n\n
Leasehold Improvements and Maintenance<\/h2>\n\n\n\n
Professional Commercial Space Planning in Indianapolis<\/strong><\/h3>\n\n\n\n
![\"Indianapolis](\"https:\/\/www.bafcorp.com\/blog\/wp-content\/uploads\/2020\/01\/BAF-Corporation-Commercial-Construction-Contractors-1024x107.png\")