Questions to Ask Before Leasing a Commercial Property in Mount Vernon NY

by | Nov 6, 2019 | Business

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If you are thinking of leasing a commercial space, you should ask some questions first before signing the lease. Finding a commercial property rental in Mount Vernon NY is easy but finding a property that will suit your needs might be difficult. To find the best deal for your business needs, here are some questions that you should ask.

What Building Features Can You Use?

Building features include electrical services and telephone lines. Do they have fiber lines ready for your internet needs? What HVAC system is available on the leased property? What type of security program are they using for their doors or elevators?

Does it come with parking lots? Would you need parking lots for your potential customers? If you do, make sure your lease comes with a number of parking lots or the building itself comes with parking lots.

What is Included with the Common Area Maintenance?

Common Area Maintenance or CAM is the space that you can use in a particular building or floor. CAM fee is translated into administration fee and if you are using a part of the building, you should only pay a percentage of the administration fee. Check the actual administration building to prevent being scammed by your landlord.

Is There an Early Termination Fee?

If you are putting up a business for the first time, then you are not sure whether it will work or not. If it doesn’t work and you have to pull out, would you pay a termination fee? Always ask your landlord about this.

Ask if you can transfer your lease. Ask for provisions in case the business doesn’t work out in your favor.

Finding a good commercial property rental in Mount Vernon NY is essential if you want your business to succeed. If you are looking for a property to lease on a strategic location in Vernon, check out South Street Lofts to find more about their offered places.