16 Oct Leasing a business premises: making the right moves

So you’ve started your own business, and it’s time to make the move from your home office or that co-working space and find your own premises.

It can be as easy as talking to the property owner or sales agent, signing the paperwork and moving in. Then again, it is not that easy when it comes to leasing a property for business purposes. There are quite a number of steps involved before you move in and hang up the ‘open’ sign.

My aim here is to simplify these steps for you, to remove confusion, so I will map it out in a step-by -step guide.

1. You have found a place you absolutely love and can’t wait to move in and grow your business!

2. Contact the owner or the sales agent to start the negotiation process

3. Negotiate what you want as part of your lease.

4. Due diligence – which means making sure the property is fit for your use.

    This step is often overlooked until the lease is ready to be signed.

5. Finalising the lease terms and signing documents – check if your lease needs to be registered

6. Drawing plans and specification for the required use

7. Applying for council consent

8. Fitting out

9. First stage of council certification

10. Attending to any modifications notified by the council

11. Final stage of council certification

12. Moving in! You have done it! Congratulations!

This may sound like a daunting ‘to do’ list, but with A&J Montgomery Legal guiding you through the process you will have one less thing to worry about. Contact us to find out more about what’s involved in leasing a property for your particular business.

And look out for our next article where we cover due diligence and negotiation in more depth and share a few case studies.

2 Comments

Post A Comment