Location matters when it comes to brick-and-mortar businesses. However, securing the best possible commercial real estate can sometimes put a burden on your business finances. You do not have to simply accept whatever terms are thrown at you in exchange for your ideal location, though. As a Georgia business owner, you have power when it comes to negotiating buy or lease agreements.
Securing favorable terms
Maintaining low operating costs and minimizing liabilities is an important part of running a successful business. Signing your first leasing agreement without considering your negotiating power can both raise your costs and your liability risk. Instead, you should be sure to carefully review the agreement and make note of what terms you would like to negotiate or that you do not think are fair. You can even consult with an attorney who can help minimize unnecessary disputes with those involved with or affected by the transaction, including:
Are you getting what you are paying for?
Sadly, in the world of real estate it is not uncommon for a property’s value to be artificially inflated. If you are purchasing rather than leasing, you should have the property professionally valued prior to negotiations. This will help ensure that you are not paying for more than what you are getting.
Real estate law can be complicated in even the best of situations. Dealing with commercial space when you are also trying to balance your business’ costs and profits may start to feel like an insurmountable task. However, choosing to work closely with an experienced attorney can help you navigate this process much more easily. You can learn more about this option and commercial real estate law by visiting our website.