3 Important Tips To Know How To Lease Industrial Space

By Author: Tushar Tiwari
Total Articles: 5
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Search Industrial Space: As you have identified your requirements, start looking for industrial shed or space. There are few types of property who can match your requirements. In this digital world, it is easy to search property online on different warehousing portal in India. It is always advisable to view selected properties in person.
Choose a Type of Property: When you are looking for industrial space, you will come to cross different type of property for lease. Ideally, industrial space has been divided into three main categories: warehouse, manufacturing and flex industry. Under these industrial properties, there are various sub categories for industrial shed or space.
• Warehouse – Mostly used for storage and/or distribution.
• Manufacturing facility – used for converting and assembling materials.
• Distribution facility – Specific type of warehouse for distributing goods.
• Flex facility – This property used for some kind of mixed-use facility.
• Service Centre / Showroom – type of flex facility which is associated with machinery ...
... and automobiles.
Online Property Listing: Hence, you have finalized your type of industrial space; start looking to find a property online. There are few portals who are leading in warehousing in India just like Airbnb. Industrial space property with required information is available on warehousing portal.
View Multiple Property in Person: Once you finalized your property from online research, it is always advisable to visit industrial shed in person to make sure, whatever information is given on sites were true and property is perfect as per your requirement. Don’t hang yourself with one property, always keep a backup so in case, you can have better industrial space with the best match.
2. Evaluating Lease Terms
a. hidden expenses: Many industrial owners or agent have additional fees and expenses such as maintenance fees and upkeep charges for shared space. Ask them to describe their charges calculation and how costs divided among tenants. Some property owners measure utility charges differently for each tenant. Others divide the cost of the facility each month by each renter’s square footage.
b. RentalObligations: Many of property owner don’t cost repair or maintenance charges but some owner does. Typically, property maintenance and repair expenses come to under owner’s responsibilities.
c. Research your Prospective landlord: Before you commit to leasing with a property owner or agent, do research into person’s record and feedback in the market. Has he had any property legal problems or a court case for a property? Do cross check his name and consumer protection group. Browse archives of your local newspaper if any court cases brought against him by any tenants.
3. Negotiating Lease Agreement
a. Pro forma lease copy: Before signing a lease agreement, ask for pro forma lease copy to review. These will layout standard terms of that property owner’s rental agreement. Clarify all the doubts and query about the particulars of that property.
b. Concessions: Never afraid to ask about concessions or bargain with a property owner. If, landlord says no, pitch him with a long period of time and also negotiate some kind of limit on future rent an increase which is mutually beneficial to both tenant and landlord.
c. Hire an attorney: Before you sign the industrial lease, has an attorney read the lease terms and agreements closely and review lease agreement by yourself also. A lawyer has a better understanding of real estate business laws and able to determine that lease is fair and legal. If, your attorney has agreed then sign the lease and then you can start growing your business.
Above tips are useful when you are planning to lease industrial space for your business. It is basic but very crucial things for any startup business. Search online most suitable industrial space or warehouse on www.warebnb.in where you can have a list of warehousing in India. The best place to find a right warehouse for rent in Delhi NCR, Mumbai, Chennai, and Kolkata.