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Tips for leasing business premises

Selecting the right location and securing a good lease is critical to your business success. The type of business premises you select will depend on:

  • The products or services you intend to provide
  • Your customer demographics and location
  • Your financial circumstances

These tips will help you avoid costly mistakes

  • Determine what you can afford
  • Undertake business planning and market research
  • Check local government regulations and planning approvals
  • Make sure all agreements, guarantees and assurances are in writing
  • Read our commercial leasing publications
  • Understand the main issues to consider during negotiations
  • Don’t feel you have to accept the first offer
  • Give yourself plenty of time
  • Don’t be pressured into making decisions before reviewing all the documents
  • Don’t sign anything, take possession of the premises or pay rent before you have obtained legal, financial and business advice

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