If you’re considering new Pizza shop space for your business, there are several important factors to consider before finalising a deal. Here are our 10 BEST TIPS to help you secure the best commercial property for your business needs:
- Define Your Key Objectives
Finding the perfect location is exciting, but it’s crucial to stay focused on what’s most important for your business. Research the average cost of commercial space in your desired area, and consider how the space will meet your business requirements. Prioritizing your needs will increase your chances of finding the ideal property.
- Check Planning Permission
Don’t assume you can use the space for any purpose. Confirm the permitted use with the local planning department to avoid wasting time and effort. Your lease solicitor will verify this during the legal due diligence process.
- Agree on Heads of Terms
A successful commercial lease starts with clearly defined Heads of Terms. Key terms to negotiate early include rent, rent reviews, lease renewal options, service charges, rent-free periods, break clauses, lease term, and responsibilities for repairs and insurance. Ensure all agreed terms are documented in writing and signed by both parties.
- Explore Negotiation Opportunities
Assess the strengths and weaknesses of the landlord’s position. Consider the economic climate and how it might affect the property. If parts of the building have been vacant for a while, you may have an opportunity to negotiate more favourable rent terms.
Get in touch…
Whilst we provide most of our services on a ‘fixed-fee’ basis, we always offer a free meeting to discuss your specific needs and circumstances at the beginning of any matter.
We are happy to discuss your requirements with you and to advise in general terms on all aspects of the transaction and the estimated legal cost. Please either contact us by telephone or email us at:
If you would like to know more about any of the services we offer, please contact us on 0203 489 7010.
