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Choosing a Facility Checklist
Also available in PDF | MS Word
You have found what appears to be the perfect building for your business. However, before you sign the lease, you should do some advance research to determine if the building will be a good fit for your particular business. Answering the following questions can help you evaluate the pros and cons of leasing the facility for your business.
Yes/No Is the area zoned for this type of business?____ Does the area convey the right image for this business?____ Does the building convey the right image for this business?____ Is the building in need of any repairs?____ Will the landlord make the necessary repairs?____ Is there adequate space for the business in this facility?____ Is there space in the facility if the business needs to expand?____ Does the facility provide extra storage space for the business?____ Does the layout of the space meet the needs of the business?____ Does the space need any improvements?____ Does the landlord pay for the improvements?____ Is the lighting adequate?____ Is the ventilation adequate?____ Can the existing utilities meet the needs of the business?____ Are there a sufficient number of electrical outlets in the space?____ Are there qualified employees in the area?____ Is the facility accessible by public transportation?____ Is there adequate parking for customers?____ Is there adequate parking for employees?____ Are the parking areas adequately lit at night?____ Are there any restrictions on when employees can be in the building?____ Is the facility located in a safe area?____ Does the facility provide any type of security?____ Does the landlord heat the facility on weekends?____ Does the landlord cool the facility on weekends?____ Is the facility accessible to suppliers of the business?____ Is the facility accessible to customers of the business?____ Are any competitors located in the facility?___ Are any competitors located in the same vicinity as this facility?____ Is the rent favorable?____ Are the terms of the lease favorable?____ |
FAQs
- What are the advantages of renting space instead of buying?
- How do you determine the length of the lease?
- What are operating expenses?
- Are there any additional expenses or hidden costs in addition to the rent?
- What information does a commercial lease contain? How should I approach it?
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