It’s important to take your time when you’re looking through different Toronto Warehouse Space for lease options. If you’re unsure about how one of these legal documents works, you’re not alone. That’s why we supply expert advice and some background information that you can use to make an informed decision.
Some of these factors provide a good starting point for any Toronto Warehouse Space for lease decisions you’ll make.
- Duration. This is one of the starting points that you will need to think about. Many of these agreements last anywhere from three years to a full decade. It’s important to look at all of the fine details. For example, if space isn’t ready by the agreed to move in date, it’s important to understand exactly what will happen.
- Rental Increases. Any Toronto Warehouse Space for lease will need to cover critical areas like this. One of the things that we take great pride in helping our clients with is what’s called an escalation cost. This can include a rental increase during the term of the existing lease.
It’s always important to keep in mind that any type of commercial transaction when it comes to real estate is more complicated than its residential counterpart. It’s critical to work with a Toronto Warehouse Space for lease broker that understands other important metrics like market rates.
As far as this particular type of contract goes, it makes sense to have a professional on your side when you go to renew. For example, there is no legal obligation for a landlord to offer you the same space unless there’s been a prior formula worked out.
Then, there’s always the building services that you need to factor in. Electricity might be included as part of the utilities you pay. However, it’s important to find out if the landlord will set any restrictions on the use of electrical machinery in the warehouse.
HVAC is another aspect that needs to be clearly laid out. It’s important to put together a formal schedule here so that everyone understands what services will be available at times like during statutory holidays.
It’s important to make sure that all the small details are carefully laid out. Having expert advice will help your business get the best ROI. We have years of experience providing you with Toronto Warehouse Space for lease help in Vaughan, Brampton and Mississauga.