Selecting the right Dallas commercial real estate is critical to your company?s success. Any mistake could end up costing you thousands of dollars and disrupt the operation of your business.
Tips to follow when considering commercial property
Making the search process as efficient as possible will save you time and money. When evaluating a property, you should:
- Come prepared with a street map, calculator, notepad and tape measure
- Consider the outward appearance
- Check for defects
- Evaluate security
Estimate improvements
It is likely that any space will require improvements to make the space meet your company?s unique needs. Determine how difficult and expensive it will be to fix any problems and customize the space to meet those needs.
Consider zoning compliance issues
Specific zoning ordinances can drastically impact your ability to use the space. The landlord and/or the broker should be familiar with how the property is zoned.
Consider licenses or permits
Licenses and permits are not the same. Zoning laws dictate where a business can operate, while licenses and permits control if they can go into operation. You need to find out how long any licenses and permits will take before committing to a space.
Review any agreement carefully
It is critical that you obtain and carefully review any commercial lease or purchase agreements before signing. An experienced commercial attorney can help you understand all the nuances of your agreement.
The team at the Ferguson Law Group has helped many business owners, who are in the process of purchasing or leasing commercial real estate. We have drafted and reviewed countless commercial agreements and can help you negotiate favorable terms for your business.
If you are looking to buy a business, you should call one of our Dallas commercial attorneys at the Ferguson Law Group at (972) 378-9111 today.
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Every week as?SmallBizLady, I conduct interviews with experts on my Twitter talk show #SmallBizChat. The show takes place every Wednesday on Twitter from 8-9pm ET. This?is excerpted from my recent interview with?@MichaelHyatt.? Michael Hyatt is the author of Platform: Get Noticed in a Noisy World (Thomas Nelson). It is a New York Times, Wall Street Journal, and USA Today bestseller. Michael is also the former Chairman and CEO of Thomas Nelson Publishers, the seventh largest trade book publishing company in the U.S.? For more information, visit www.michaelhyatt.com, where he Hyatt writes about personal development, leadership, productivity, platform, and publishing.
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