Just like any other legal document, you need to take the time to learn about the obligations you will be undertaking once you decide to sign a commercial lease. This type of lease arrangement is quite different from other leases such as a residential lease that you might be familiar with. The success or the failure of your corporate venture may depend on various terms in the lease.
Prior to signing a commercial lease, make sure you have a clear understanding of all the clauses in the lease including the rent, security deposit, insurance, taxes, fuel pass along charges, maintenance, the length of the rental agreement including any allowable increases, sublease options, rest rooms, heating, air conditioning, the specifics pertaining to the actual commercial space such as signage requirements, and notice requirements for lease termination.
The Commercial Rental Agreement
• Commercial leases are legally binding contracts that are not usually based on one standard rental form. The individual lease is customized to suit the needs of the landlord.
• Commercial leases are not covered by most of the consumer protection laws that apply to residential leases. A considerable amount of money is involved, and it's not easy to change or break a commercial lease that may involve a five- or a ten-year term.
•These leases are generally much more open to negotiation between the business owners and the landlord especially since businesses frequently require build outs and additional features for their spaces.
About Marlboro Business Park
Marlboro Business Park has earned an outstanding reputation as one of central New Jersey's premier commercial property management companies by providing and managing large industrial space designed for companies interested in professional and spacious corporate space.
The park accommodates future corporate expansion whether it's the need for office space or warehouse facilities. It's ideal for companies that recognize the advantage of a high traffic location with businesses that help drive more business to their company.
Marlboro Business Park currently has 36,000 sq. feet of professional space that can be subdivided. Contact for more information at (732) 536-8343.