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 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!