Process of Leasing Commercial Property
Embark on your journey to leasing your next commercial property with Meris Commercial Group, your trusted partner in navigating the complexities of the commercial real estate market. At Meris, we understand the importance of finding the perfect property to meet your business needs and investment goals. With our deep expertise and extensive network in the commercial real estate sector, we’re committed to guiding you through every step of the buying process with precision and confidence.
Step 1: Establish Budget
At Meris Commercial Group, we prioritize understanding your business’s specific needs to determine the ideal space requirements. This includes identifying the necessary square footage and estimating a target lease rate and term tailored to your budget and operational requirements.
Step 2: Property Search
Our team gathers a comprehensive inventory of available properties for your review, ensuring we match your needs with suitable options. Upon expressing interest in a property, we facilitate tours, during which we assess the space’s suitability for your business and discuss any necessary improvements.
Step 3: Letter of Intent
Upon identifying a suitable property, we submit a Letter of Intent to the Landlord outlining our offer to lease. This initiates negotiations regarding key lease terms, including the lease rate, term, tenant improvement allowance, and other expenses. Our team guides you through each negotiation stage to secure the best deal for your business.
Step 4: Lease Agreement
Once a general agreement is reached through the Letter of Intent, the Landlord’s attorney prepares a formal lease agreement for both parties to sign. We oversee the process, ensuring that the lease terms align with your business objectives and facilitating a smooth execution of the lease agreement. At Meris Commercial Group, we’re dedicated to helping you find the perfect space and structure the best lease deal for your business’s success.