When it comes to renting or buying a business property, there are several steps you should consider to make the best decision for your company. Here are some key steps to follow:
- Determine your budget: Before you start looking for a business property, you need to determine your budget. Consider how much you can afford to spend on rent or mortgage payments, as well as other costs like utilities and maintenance.
- Consider your location: The location of your business property is crucial. Look for areas that are easily accessible for both customers and employees. Consider factors like traffic flow, parking availability, and nearby amenities.
- Evaluate the condition of the property: If you’re considering buying a commercial property, get the property surveyed to evaluate its condition. If you’re renting, make sure to carefully review the lease and identify any potential issues that may need to be addressed.
- Consider your financing options: If you’re buying a property, consider your financing options. Look for lenders who specialize in commercial property loans and compare rates and terms to find the best deal.
- Negotiate the terms: Whether you’re renting or buying, it’s important to negotiate the terms of the lease or purchase agreement. Work with your lawyer or broker to help you negotiate favourable terms and protect your interests.
By following these steps, you can make an informed decision when it comes to renting or buying a business property. Remember to take your time, do your research, and make a decision that meets the needs of your business and fits within your budget.
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John Porter
John has been with Wrigley Claydon for over 20 years, becoming a partner in 1995. Specialising in Employment Law, John helps clients with matters including the preparation of recruitment policies and employment contracts as well as advocating in employment tribunals in cases of unfair dismissal or discrimination.
He also has considerable experience of dealing with landlord and tenant disputes and matters relating to business and company sales, commercial investment property transactions and lettings as well as residential estate and offshore property developments.
“I know I’ve done a good job when the business doesn’t need me!”
John is never happier than when spending time with his wife and 2 children, Lucy and Alex. John is Chair of Respect Our Community Awards (ROCA) and a board member of First Choice Homes Oldham. In his spare time, John is likely to be found either reading, cooking or walking Donnie the Golden Retriever.
Latest posts by John Porter (see all)
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- Talk over sale of Newcastle Utd as owner Ashley meets investment firm - 22nd December 2017
- GVC gambles on Ladbrokes Coral takeover - 15th December 2017
