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