Business Lease Checklist After you've chosen a site for your business, don't sign any lease without first going over this checklist.
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Before you sign on the dotted line, make sure you are aware of all aspects of your new location. This checklist will help.
| Is there sufficient electrical power? |
| Are there enough electrical outlets? |
| Are there enough parking spaces for customers and employees? |
| Is there sufficient lighting? Heating? Air conditioning? |
| Do you know how large a sign and what type you can erect? |
| Will your city"s building and zoning departments allow your business to operate in the facility? |
| Will the landlord allow the alterations that you deem necessary? |
| Must you pay for returning the building to its original condition when you move? |
| Is there any indication of roof leaks? (A heavy rain could damage goods.) |
| Is the cost of burglary insurance high in the area? (This varies tremedously.) |
| Can you secure the building at a low cost against the threat of burglary? |
| Will the health department approve your business at this location? |
| Will the fire department approve your business at this location? |
| Is your shipping area easily accessible to large trucks? |
| Have you included a written description of the property? |
| Have you attached drawings of the property to the lease document? |
| Do you have written guidelines for renewal terms? |
| Do you know when your lease payment begins? |
| Is your shipping area easily accessible to large trucks? |
| Have you bargained for one to three months free rent? |
| Do you know your date of possession? |
| Have you listed the owner"s responsibility for improvements? |
| Do you pay the taxes? |
| Do you pay the insurance? |
| Do you pay the maintenance fees? |
| Do you pay the utilities? |
| Do you pay the sewerage fees? |
| Have you asked your landlord for a cap of 5 percent on your rent increases? |
| Have you included penalty clauses in case the project is late and you are denied occupancy? |
| Have you retained the right to obtain your own bids for signage? |
| Can you leave if the center is never more than 70 percent leased? |
| Has a real estate attorney reviewed your contract? |