1. The document provides 5 tips for negotiating a better commercial property lease in Dubai without overpaying.
2. The tips are to thoroughly research the property and market, make a checklist of needs versus wants, seek information from professionals like brokers, understand all regulations and requirements for the intended business use, and ask the landlord about subleasing options.
3. Negotiating terms upfront using these tips can help save considerable costs when leasing commercial real estate which is often an expensive endeavor.
Guidelines to negotiate better for a commercial property lease
1. Guidelines to Negotiate Better For a Commercial
Property Lease
There are millions of people who visit the city for either a vacation or to set up a
commercial real estate property that will cater to all their business needs and
requirements. Dubai has grown by leaps and bounds. As much as it has been regarded
as a tourist destination, it has simultaneously grown as a business capital of the world.
Given in this article are 5 easy tips for negotiating one without having to burn a hole in
your pocket. Read on.
1. Research: Keep in mind that real estate is a fast-paced field that needs a lot of
planning before you sign up one with one of the many deals that comes your
way. Research and knowledge on the type of commercial space you are looking
out for plays a vital role in defining your needs.
2. List: Have a checklist with you at all times. You need to know the difference
between your basic essentials and your desires. Before you sign up with a
commercial property make sure you have given due consideration to space,
facilities, infrastructure, storage, etc. You don’t want to regret taking the decision
later on.
3. Seek information: If you are looking out for information rely on professionals and
experts. For instance, ask the real estate brokers. These agents work for landlords
directly and can help you in explaining terms, advise you, as well as help you
negotiate for getting the best of deals.
4. Needs and requirements: Know the property inside out. Make sure you know
what is permitted and what is not. Additionally, figure out whether there any
zoning regulations or laws that could affect your business. At the same time, if
you wish to alter or modernize the property so as to suit your business needs and
2. wants, make certain that you know what all is allowed. You may also want to
know who will compensate for them, who will supervise and manage the work,
and whether you need to bring it back to its original state if you happen to move
out.
5. Subleasing: Ask the landlord if you can rent a part of the property to another
person. This can help build in some flexibility, in case, your business plans
change. Besides, subletting your commercial property to another tenant will
protect you from breaking the lease if you move out without giving a prior notice.
What’s more, it will help you cover the costs in renting the space. Thus, it will
help you save.
Renting for your business is often expensive. Nevertheless, quite a lot of owners of
commercial real estate willingly talk and discuss on the terms of the lease before
signing in. Thus, helping you save considerably. All the best!