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Leasing commercial office space is one of the largest expenses incurred by new and expanding businesses, so it is important to do your due diligence. Here are some tips for negotiating a commercial lease for your small business.
A commercial leasing agreement is also called a commercial property, commercial real estate, business, industrial, and office space lease. [1] The individual in ownership of the property to be rented is called the lessor or landlord. [2] The lessee or tenant uses and rents the property owned by the lessor and provides them with monetary ...
When space allocated to multiple functions is significant, these buildings can be called multi-use. Local authorities commonly maintain strict regulations on commercial zoning , and have the authority to designate any zoned area as such; a business must be located in a commercial area or area zoned at least partially for commerce.
What kinds of financing are available for small businesses?Small businesses with fair-to-excellent credit can get conventional loans, including term loans, business lines of credit and equipment ...
New market/locational – Businesses which are typically headquartered abroad or in another region of the country which require a business presence in the area of operation of the business center. Startup Companies / Entrepreneurial – Small to medium businesses or enterprises which don't want to make a financial commitment to a longer term lease.
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