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Sep 01, 2015

Commercial Lease in the Greater Toronto Area

Commercial Lease in the Greater Toronto Area

Commercial lease options for business owners

One of the biggest monthly expenses for a business owner is the cost of a commercial or industrial lease. There is a wealth of commercial real estate for rent in the Greater Toronto Area. Whether you are a new business owner or one looking for more space, there is no need to settle for anything other than what you exactly want. Dmitri and Stanislava of Shop a Property will find out what you need and then show you a selection of commercial units in your chosen location.

Helping you negotiate a lease

There are some significant differences between commercial leases and residential leases. While residential leases are subject to a large number of regulations designed to protect tenants, the laws give landlords greater leeway when it comes to commercial or industrial leases. Therefore, it is imperative that the commercial lease agreement be drawn up in such a way that you as a tenant are protected.

Dmitri and Stanislava of Shop a Property will give you some points to consider when it comes to negotiating the lease. They will help you determine whether the rent and lease conditions proposed by the landlord are fair, so that you are not hit with unexpected surprises after you have already committed to the lease.

Be aware of additional expenses

At Shop a Property, we will ensure that you are aware of any extra or hidden expenses before you sign a commercial lease. Most landlords charge an annual fee for shared services such as garbage collection and upkeep of common areas. Some landlords charge a fixed fee per tenant. Others calculate the common area maintenance costs at the end of each year and then divide it up among the tenants according to square footage. Other costs that you may need to know about include utilities and administration charges in the event of the rent being paid late.

Services for commercial landlords

With the sheer abundance of commercial spaces available for rent in the Greater Toronto Area, the commercial and industrial lease market is fiercely competitive. If you are a landlord with units available for rent, why not use the services of a real estate agent who knows how to attract the right kind of tenants?

Dmitri and Stanislava of Shop a Property will help you with this, and with other aspects of your commercial or industrial rental.

Dmitri Alexandrovski and Stanislava Petrova are real estate brokers specializing in Toronto, Vaughan, Maple, Thornhill, Richmond Hill and Woodbridge. To find out more about buying, renting or selling real estate in these locations, please call them at (647) 886-3462 or (647) 274-5528.

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