5 Quick Do’s and Don’ts for Leasing

1. DON’T Get More Space Than You Need

OC SBDC – Irvine consultant, Karie Williford, warns that many leasing agents will try to talk business owners into more square footage than they originally planned for because it fattens their bottom line. Make sure your lease is based on actual needs and projections and not a sales pitch.

2. DO Try to Get the Best Deal

Always try to negotiate your rent. Even if you can’t lower the price per square feet, ask for free months of rent while you’re getting the space ready for business.

3. DO Get Maintenance Costs in Writing

Know who is responsible for footing the maintenance bills. Things like HVAC repairs can be extremely costly, so you’ll want to know how old the equipment is and who is responsible for those bills if repairs are needed. Always get this information in writing.

4. DON’T Wait to Negotiate Extended Rent

Talk to your landlord about what happens when your lease is up. This is an important conversation for both parties as you might need extra time before deciding whether to move or stay and they will save money looking for new tenants.

5. DO Check Out the Parking Situation

Before you set your heart on a space make sure there’s enough parking for your customers. This means driving by during busy hours and seeing what the traffic and parking is like.

Looking to start or grow your business?

We at the Orange County Inland Empire SBDC, are here to help you with every aspect of your business to help it grow and become successful.
Give us a call at 1-800-616-7232 or schedule a quick, 15-minute intake appointment at ociesbdc.org/consultation to see how we can help you start, grow, and succeed.

5 Quick Do’s and Don’ts for Leasing

Mike Daniel is the network director of the Orange County Inland Empire SBDC Network, which assists aspiring entrepreneurs and current business owners throughout Orange, San Bernardino and Riverside counties. Mike was formerly the director of the SBDC office at Long Beach City College. As business owner and entrepreneur himself, he started his career as the owner of a Rocky Mountain Chocolate Factory location in Manhattan Beach and went on to open a second location in Long Beach in 2001. In 2007, Mike sold the Manhattan Beach store for an above-market offer then invested in several additional locations as a minority shareholder. Mike further expanded his candy empire with venture located in Shoreline Village in Long Beach called Sugar Daddies Sweet Shoppe, based on fill-it yourself candy options.

Mike has a bachelor’s degree in Business Administration from California State University, Fullerton.