This was one of my forgotten expenses to consider, but what is the best way for your company to go about choosing where you get your furniture? That’s going to be up to you, your budget, and how you want to present your company. Bringing your old furniture is often the first option tenants go with. However, if it’s old or doesn’t match a new layout with high-quality furnishings, it could be worth getting all new furniture, especially if clients and customers will be coming in. There are also situations where the tenant has the furniture in the space already, that you can use. If this is the case, I’d be sure to inspect it thoroughly and ask your entire team if they are comfortable with it. Renting is also an option that could be worth looking at, but I recommend having your own furniture that can last up to a decade.
REAL ESTATE TAXES
Again, this is another last minute aspect to take a look at and make sure you are good with what is in the lease. Just like the base year operating costs, sometimes landlords will try and sneak in extra costs to cover other aspects of the lease. The lease should define that you only pay your share of property taxes. It should specifically say that, so you don’t get stuck with any of the landlord’s income taxes, corporate taxes, gross receipts, or capital gains taxes. Watch out for any language that tries to make you responsible for any type of undefined taxes. Special assessments are by law not real estate taxes. Make sure that nothing is in there about paying them for new sidewalks, sewer lines, and other things of that nature. If you pay any
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