5 Things to Check when you're ready to Lease
When it's time to move on to a new place to "set up shop", finding the best spot takes time.
Here's a few things not to forget before you sign up the lease:
1. Check how you can use the premises.
Be careful to stick to what is "permitted use".
In terms of the local town plan, the property will be classified in some way.
Find out what you can and can't do on the premises. For example, you may not be able to store certain materials on site, manufacture certain products or overload the services in the premises.
The local council has strict rules and regs on this. It's important, for instance, when it comes to making food or making noise that you know what's allowed and what's not.
2. Plan your Fitout.
Work out how much space you'll actually need well in advance of signing a new lease.
It's wiser to lean on the side of larger (room for growth) rather than smaller.
Carefully consider things like where the entry point will be, customer flow, what's needed back of house, how you're going to store stock and so on.
If it looks as though you're going to inherit someone else's fitout, make sure it will work successfully for you, otherwise forget trying to fit a square peg in a round hole.
3. Check out rules about Signage.
Get to know the how, when and where of signage before you order up anything.
How visible is it going to be?
Many premises have rules about the size, type and location of signs.
Once you know what they are, call the professionals in to design and make them.
4 Check on who pays the Outgoings.
What are outgoings?
Costs like water, gas, electricity, air conditioning maintenance, any body corp levies, rates.
You may be required in the terms of your lease to pay some, all or none of these extra costs.
These will be on top of the rent you pay.
5. Clarify who maintains and makes repairs to the premises.
Who does what?
You are normally required to keep your shop, office, clinic, restaurant, café etc in a good, clean state of repair.
And who wouldn't want to anyway?
You're running a business from a premises which is the face of your company!
Normally you are required to fix any damage caused by you or your employees at your expense.
There may be other areas you have to maintain at your cost.
The maintenance of your fitout is usually entirely at your expense.Take care to satisfy yourself that it's going to be the right place for you!