Industrial Leasing - A Vital Choice For Your Business

Many industrial companies are depending on leasing for their business

. Choosing the right location for your business is very vital to its success. The location will definitely affect the target consumers of the company. But some industrial companies are not really into the consumer related businesses. Their concern in the location is basically due to its effect on the product that they manufacture. For example, a cement company will definitely look for a location that can satisfy their need for limestones. So, for industries that focuses on manufacturing products, their concern for location is not based on consumers but rather, it is for their advantage.

In preparing the lease contracts for industrial leases, you must be well knowledgeable of these terms.

1. The lease terms and conditions

2. Security deposits for the lease

3. Terms and conditions for the return of the deposits

4. Options for renewal of the lease

5. Payments for taxes, utilities and maintenance of the leased property

6. Maintenance of the property leased

7. The circumstances for lease termination, and its process

The next important thing in industrial leases is the instruments and equipments that comes along with the lease agreement. The lease for the equipments can be in a separate agreement or can also be included in the lease agreement for the property depending on the agreement of the landlord and the leaser. The lease terms and agreements must therefore be clarified and has to be defined clearly to prevent confusion. With clear terms and conditions, you can be assured that there will be no accidental breach of contract terms due to misunderstanding.

Payment agreements should also be specified in the lease agreement. Payment schedules or means of payment, either yearly or full payment must be clearly stated including transfer of responsibilities for the payment of tax for the property.

Renewal of the lease should also be clarified. The renewal may be very important because you do not want to transfer location every 5-10 years. Therefore, clarify to the landlord if you could renew the contract and how you could do this so you can make plans ahead of time.

There are also legal aspects that pertain to industrial lease. Before signing any lease contracts, you must have a lawyer or a legal advisor to advise you on the legal aspects of the lease. There may be some laws that can affect the lease and a legal help might be necessary.

Industrial waste from industrial companies may also be dangerous for your property, that s why a good waste disposal plan should also be included so you can protect your property from waste that might damage it.

by: Lam Seina

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