A Guide to Setting Up Commercial Business Premises
As if setting up a business wasn’t already difficult, if it involves commercial premises, it can be a real challenge to negotiate your way through all the red tape that comes with applying to manage a commercial business at a given venue. NSW in particular, has very stringent laws regarding commercial activity and prior to making any firm arrangements, you need to enlist the services of a business lawyer.
Once you find the perfect venue, search for a commercial lease lawyer in Parramatta and ask them to take a look at the lease; the last thing you need is to discover some months later than you can’t accept deliveries after 7pm, or are restricted in any other way. Of course, a lot depends on the nature of your business; if waste is generated, then safe storage is a must and then there’s the question of access. A commercial lease is a very complex agreement and you need to be certain that there are no conditions that limit you in any way and the legal expert ensures that you are not restricted. It may be necessary to discuss minor changes with the landlord, regarding the lease and this is something your business lawyer would handle.
Aside from checking the commercial lease, a business lawyer offers many services that you might need, such as:
- Franchise agreements
- Drafting joint venture agreements
- Business litigation
- Start-up advice
- Taxation advice and planning
- Entering into large contracts
- Company law
Finding the Right Venue
You would obviously have a very specific set of requirements, whether it be a factory, warehouse or other business and the best solution is to talk to the online commercial real estate agent and let them do the searching. Once a few locations have been sourced, take a look at the online data and if it warrants a viewing, arrange this through the agent. It is never a good idea to appear ‘keen’ to a landlord, which might help you to negotiate a lower lease price.
Think of the Future
All businesses should be looking to the future, especially when leasing a new facility; you don’t want to invest heavily in a development where you only have a few years on your lease. The business lawyer can help you to negotiate with the landowner and point out any shortcomings that might have a negative impact on the business.
One must take care when considering a commercial lease and with the right legal advice, you can move ahead with some confidence.