When comparing the rental rates for different properties for your business, it is important to think about the expenses involved. For example; who is responsible for utilities, real estate taxes and maintenance? As an enticement to sign a lease, you could negotiate free rent or the landlord might allow you a reduction if you agree to pay for alterations to the space. Consider these complexities before you sign a lease.
Free rent or other expenditures may be spread over the term of the lease to allow you to properly allocate monthly costs. Comparing different leases, or options in the same lease, can add up to significant savings. Understand effective rent vs stated rent with help from our office (412-646-4084).