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Lease a Business Building: Negotiate the Best Deal
Rating: 4.3 out of 5(17 ratings)
601 students

Lease a Business Building: Negotiate the Best Deal

How to Find & Lease a Commercial Building
Created byRegina P. Brown
Last updated 9/2017
English

What you'll learn

  • Discover the difference between residential and commercial leases.
  • Hire a real estate tenant broker to represent you at no cost to you.
  • Find a building and research it thoroughly.
  • Learn the process of leasing a commercial building, including office, restaurant, warehouse, and retail shop.
  • Calculate the total lease amount to ensure that you can afford it before signing the lease.
  • Negotiate to get the lowest price, most free rent, and other terms that benefit your business.
  • Locate the ideal team to help you build out your tenant improvements.
  • Get legal help from your real estate attorney interpreting and refining the contract.
  • Ensure you are adequately prepared and won’t default or get evicted.
  • Terminate your lease and get a full refund of your security deposit upon vacating the premises.
  • Use your commercial building as a place to grow and expand your business, and increase your profitability.
  • Define industry abbreviations and terms such as “TI”, “NNN” and “Gross Lease”.
  • Get 10 free bonus handouts, including budgets and worksheets.
  • View 10 sample real-life documents.

Course content

9 sections • 29 lectures • 2h 30m total length

  • Welcome2:28

    Welcome! This lecture describes the course.

  • Story of an Aspiring Entrepreneur7:15

    This is my story based on many years' experience leasing 5 different commercial buildings.

  • Overview & Learning Objectives1:44

    In this lecture, we give you an overview of the steps included in this course, and the benefits you will gain after completing this course.

  • Major Obstacles7:00

    This lecture discusses many of the major obstacles that small business owners face when leasing a commercial business building.

  • Commercial vs. Residential Leases10:02

    This lecture reviews the major differences between residential and commercial landlords.

  • Review Intro

Requirements

  • • Commercial tenants should have paper and pen handy to take notes. They will need a printer if they want to print the handouts.
  • • Students should have an open mind and be prepared to try the actions described. They should have a willingness to learn and be ready to take action.

Description

As a small business owner, you need to lease a building. We will show you how to negotiate the best deal for any type of commercial building: office, retail, warehouse, manufacturing, professional, industrial, or restaurant. We’ll explain the contract, review a sample budget, and give you tips for negotiating that put you in the driver’s seat. In Step 1, I will show you how to plan your business property needs and wants. In Step 2, I show you how to locate, select, and evaluate a potential building to determine if it meets your needs. In Step 3, we review clauses that may be included in your lease, and discuss negotiation tactics. In Step 4, we discuss the importance of a budget in calculating your costs. We also include fabulous bonus materials that you can keep for future reference.

Who this course is for:

  • • This course is designed for small business owners, entrepreneurs, and independent contractors.• Any business person who needs to rent a commercial business building for the first time can benefit from this course.
  • • This is NOT for advanced commercial tenants who are already familiar with the process of leasing a commercial business building.

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