Everything You Need To Know About Timing Your Commercial Lease in Columbia, MO
Time Is Money & if You Don’t Time Your Commercial Lease Right, You Could Be Missing Out on Great Business Opportunities
There are so many reasons you may be on the hunt for a commercial property to rent. Maybe you’ve got a great business idea with investors who are ready to get it off the ground. Perhaps your current lease just isn’t working for you anymore. Or maybe your successful business is ready to expand to another location. Whatever the reason, Lindner Properties is here to help. Our mid-Missouri team of commercial real estate experts knows a thing or two (or a million) about renting property for your business, and we can guide you to the right property on a timeline that works for you. After all, renting too soon or too late can have serious consequences on the success of your business.
Ready to time your commercial lease right? Learn why Lindner Properties is your key to a well-timed and beneficial commercial lease in Columbia, MO.
What Can Cause Delays When Signing a Commercial Lease or Opening a Business in Columbia, MO?
There are so many things that can speed up or slow down your commercial leasing process. Without planning for that time before you start shopping for property to rent, you could face major setbacks. Avoid problems by being proactive and smart about signing a lease.
How to save time & open your business in Columbia, MO sooner when signing a commercial lease
- Prepare your business plan before you start property hunting
- Understand it takes time to find the right commercial rental
- Be ready to spend a long time negotiating lease terms
- Block out time for renovations, hiring & training
- Always expect the unexpected
Save time on your commercial real estate search when you come prepared with a business plan & budget
The more preparation you do before looking for a commercial property to rent, the better! Future-focused thinking will save you time and money when you start your property search and it will show potential landlords you are serious about starting or expanding your business. One of the best ways to plan for renting property is to be pre-approved for a business loan or to have investors already committed to your great idea. You’ll have money on the table to show your commercial real estate agent and a more well-rounded idea of your budget.
Outside of having funds to back your lease, you should also have your business plan polished and ready for implementation. With this in hand, you can open your doors sooner, which not only benefits you but will also impress your future landlord. After all, a commercial landlord wants the businesses they work with to succeed because they can continue leasing to that tenant.
Finally, you should have a list of wants and needs for your commercial real estate rental. Your needs should be non-negotiables, like utility access or square footage. Your wants can be cosmetic features or services offered by your landlord like snow plowing. Know what you’re willing to compromise on before you start shopping, and be firm about your requirements. And when you’re ready to start property hunting, contact Lindner Properties. We know Columbia, MO and we can source the best commercial rental for your business needs.
Be patient during the commercial property rental hunt. Finding the right rental property in Columbia, MO is possible with Lindner Properties
Whether it’s your first or your tenth, finding the perfect commercial rental property is never easy. There are so many factors at play, and while you can compromise in some areas, you can’t in others. For example, if you want to open a medical office, you can be flexible about minor cosmetic renovations, but if the building doesn’t have the appropriate utilities, it’s time to move on. It’s important to stick to your list of needs in order to prevent headaches down the road, but as a business owner, you also have to be flexible. There may not be much inventory available in your market that suits your budget and requirements. Alternatively, the perfect space may exist, but the location makes for a decent commute. This can become disheartening without the right commercial real estate broker by your side.
Avoid disappointment and ill-timed commercial leases in Columbia, MO with Lindner Properties. We know the mid-Missouri market because we’ve been in the commercial leasing business in Columbia, MO since 1980. Lindner Properties is a family-owned commercial leasing company with a proud vision for a successful Columbia, MO. How do we make that happen? By working hard for business owners who choose us as their leasing team.
Our commercial leasing specialists will listen to your needs, show you the best properties, and stick with you until you finally find the place your business will call home. Yes, it can be a long process, but Lindner Properties is in it for the long haul with you. With Lindner Properties, the timing is always right.
Be prepared for lengthy negotiations when leasing commercial real estate in Columbia, MO
Finding the right commercial property to rent is the fun part. Negotiating your leasing terms? That’s not as fun. But, with the right tenant representative or real estate lawyer, you can get the best terms that suit your business needs.
While going through the lease negotiations process, you’ll be faced with a lot of questions: How long should my lease be? What type of lease should I sign? Can I renegotiate after the landlord and I have signed the lease? You can’t figure all this out in a day, even if you work with a real estate attorney or tenant representative. In fact, some commercial lease negotiations could take months. With this in mind, it’s important to start your commercial rental property hunt as early as possible. You’ll have more time to find a location and work with the landlord to settle on a lease agreement that benefits everyone.
If you’re not sure what to consider when negotiating a lease, consult a real estate lawyer or tenant representative who can help you make the right decision when renting commercial property. Here at Lindner Properties, our commercial leasing specialists will help you understand the finer details of your lease and how to get what matters most to you before signing.
Important details to consider when negotiating a commercial lease:
- The length of the lease
- The costs outside of the base rent
- Utilities
- Insurance
- Maintenance
- Upgrades
- How renovations are handled
- The amenities offered
- Snow shoveling or plowing
- Landscaping
- On-call maintenance
- How shared spaces are managed between tenants
- Can the lease be modified after it’s signed?
- What happens if you need to break the lease?
Take the time to consider every angle of your commercial lease to ensure it will provide nothing but benefits for you down the road. If you need guidance, reach out to Lindner Properties commercial leasing specialists. We’ll dedicate ourselves to helping you navigate the commercial leasing process.
Give yourself time to complete renovations, order equipment, & train staff at your newly rented commercial property in Columbia, MO
You may find yourself ready to jump for joy after your lease has been signed, but a complete lease does not mean it’s time to start running your business. Depending on the property you rented, you may need to complete minor or major renovations. This can be as simple as painting or as serious as taking down walls and installing brand-new equipment and appliances. Before you start making any changes, consult your lease and talk to your new landlord about how renovations need to be completed. Your landlord may want you to work with their preferred contractor or handyman. Once this has been figured out, you can start transforming your rented property into your ideal space.
While renovations are underway, it’s time to start thinking about purchasing furniture and business-related equipment. Some items may be on backorder or delayed in shipping, so the earlier you can place your order, the sooner you can open. If you need to hire, now is also the time to do so. Hire, train, and prepare your team for opening day so everything can go off without a hitch.
Finally, always be prepared for the unexpected. Your contractor may run into supply chain issues or labor problems, and if work can’t progress, you may find yourself pushing back your opening day. You can’t prevent every delay, but you can prepare yourself for potential setbacks.
Is the time right to sign a commercial lease in Columbia, MO? Work with Lindner Properties to make renting real estate feel easy
When you’re ready to cut the ribbon and open your doors, the time it took to get there will feel like it flew by. Timing your commercial lease can be tricky, but with Lindner Properties as your commercial property manager or tenant representative, you can feel confident in your choice of commercial real estate. Contact our team of leasing specialists today to learn about our available rental properties and how we can help you time your lease just right!
