Expenses your business should budget for when leasing commercial space
Many successful companies - both large and small - choose to lease their commercial real estate instead of buy. There are many advantages to being a tenant: It reduces upfront costs, lowers ongoing expenditures and gives you and your business much-needed flexibility. The brick and mortar storefront for selling products and services can range in size from a small boutique to a large department store. As you search for commercial space for your business , it’s important to know about some of the expenses you may need to budget for so you can have a successful renting experience. Here is a list of possible leasing expenses we think you should know about. Rent Obviously, you know you’ll need to pay rent, but be sure to ask about how long your rent amount is locked in for, and what the schedule is for any possible rent increases. This will allow you to budget accordingly. NNN expenses These are triple-net leases where the tenant is responsible for the base rent, along with property