Think Outside The Box
For all the businesses, location is very important. And, if you own an established location and don’t want to lose it, just lease or rent your vacant space and earn handsome monthly income.
Give your shop for lease
Your vacant shop space can earn for you, so give your shop space for rent to the potential clients, keeping in mind the following points:
- Fix the payment plans- Decide on this before fixing the deal, whether you want your payments weekly, monthly or yearly. Be transparent in your dealing
- Negotiate if needed
- Fix all the repairs in advance
- Duration of the lease should be determined
- Security deposit
- Complete all the legal formalities
Total control
As an owner, you have the right to make all the decisions yourself at anytime. You are your own boss and you know your property the best. So make the best deal and earn huge profits.
Are you a landlord of a shopping centre?
Shopping centre can also be named as shopping mall, court or arcade. If you own any of these, you are the king. You can give the whole shopping centre for rent to an individual or can give as retail premises to different clients. Both ways you can earn handsome money. Though you can earn more by renting your space to different clients yet the benefit of leasing to one individual is more, as you don’t have to rush all the time. You just have to deal with one customer and have to collect the rent by that individual alone rather than going to different tenants for this.
Lease term
It is always suggested to finalise the lease term before you freeze the deal. Complete all the legal formalities and prepare a lease agreement signed by the concerned people to avoid future problems.
Maintenance and repair
It is very important to maintain your property as this will get you the best clients. Get all the major repairs done before leasing it. After renting your space, specify clearly about the maintenance, whether it will be maintained by the owner or the tenant. Include all this in the lease agreement and avoid hassles in future.
Expand your market
It is not easy to grow in any business as you need capital to start a business. But by leasing your unused or extra space for rent, you can earn well and expand your business with ease. After renting, you don’t have to worry about the expenses as you will be getting handsome money to invest further. Other businesses demand time, but this will buy more time for you. This is an additional income and also saves a lot of money.
Take professional help
You can always take professional help for your business growth. The professionals will guide you the best and assist you in your dealing. Just list your space for lease; it can be a shopping centre, a shop, or any other vacant or unused space. Manage your business and get the best deal.
