What You Should Avoid to Get the Best Lease for Your Business

Signing a commercial lease is a serious commitment. Even in Brisbane’s tenant-friendly economic climate, inexperience, an inflexible proprietor and emotion are ingredients to disastrous decisions. This is why you should listen to the right property lawyer in Brisbane and take advice from expert business owners who have leased offices.

Unlike residential leases, there are no laws that protect commercial tenants. You’re on your own to sign a lease that protects your business interest. Keep in mind that a bad lease can kill your business.

Here are common mistakes that you should avoid:

Signing a Lease in “Panic Mode”

Even if you’re getting kicked out of your current lease or you need a bigger space to accommodate more clients, don’t negotiate while panicking. If you’re opening a time-sensitive business, you could feel pressured to be up and running within a month. This could affect the way you handle negotiations. Seek help from experienced property lawyers to ensure you’re making informed decisions.

Being Attached to a Leased Property

You’re putting your one foot five step backward when you think a specific space will “make or break” your business. Handle negotiations by thinking that if you don’t get a reasonable deal, your business will thrive elsewhere. Also, always remember that there’s no such thing as a standard business lease. All leases are negotiable.

Hiring a Mediocre Lawyer

Choose a property lawyer who specialises in commercial lease negotiations and whom you’re at ease with. The most suitable lawyer is someone who has entrepreneurial ventures of his own and understands the game of your business.

Declining a Reasonable Deal Out of Emotion

Don’t blow off a good offer out of anger. So what if the proprietor mistakenly informed you the utilities are included in the rate? Stay calm and take into account that you’re potentially gaining hundreds of thousands because of a great location and reasonable rates.

When you start searching for the most suitable lease for your business, go in calmly and get the best support. Avoid these colossal mistakes. Instead, sign a lease that supports your company’s good health.