you start with a few months of free rent to get your space built out, but it varies for each property. Along with this, you could be able to negotiate expansion options, termination rights, and other givebacks. Just keep in mind that even your first effort at choosing a couple of spaces will be much different and more efficient with a commercial real estate agent, at no cost to you.
YOUR LANDLORD'S HIS RD'S HISTORY
Later in this book, I dedicate a full chapter to the ins and outs of working with the best property management companies and landlords. However, that is mainly something that your broker will bring to the table. Researching them, knowing how they do business, what other space they own, and what quality of landlord they are is something you can do in a few minutes. Once you meet or speak to a building owner, look them up. Look up their reviews and how long companies have stayed in their buildings. The last thing you want is a bad landlord holding your business back. You also don’t want to invest too much time in a poor landlord and decide you won’t be their tenant later in the process. Just like a property group runs a credit check on you and your company, do the same to them. At least as in-depth as you feel the need to do. Make sure they aren’t in any financial trouble or even any legal trouble. Moving into a place only to have to move out because of situations like that is always avoidable. Your broker will be there to answer any questions about this step as well.
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