Things to Consider when Looking for a Commercial Property for Lease in Dothan, AL

by | Jan 30, 2023 | Real Estate Agency

When it comes to finding a commercial property for lease in Dothan, AL, there are several different factors you need to keep in mind. It is important to choose the right location and features, as well as to understand the terms of the agreement and what is included in your lease.

Here are some things to consider when looking for a commercial property for lease in Dothan, AL:

Location

The most important factor when choosing a commercial property for lease is its location. What type of customer base do you want to target? Is the building visible from the main thoroughfares or nearby attractions? Is there easy access to public transportation if necessary? All these questions must be considered when selecting an area within Dothan for your business premises.

Features

Once you have determined the best possible location, it’s time to look at what features are essential for your business needs. Are there enough spaces and rooms available? Does the building have air conditioning and heating systems installed? Are there private restrooms available if needed? Make sure that all necessary features or amenities are present before signing any kind of agreement.

Brokerage Fees

The next step is understanding what fees you might need to pay upfront. In many cases, an agent or broker, such as NAI Talcor, will be involved and will take care of finding properties that meet your criteria. These individuals often charge additional fees or commissions, so make sure you understand exactly how much money will be paid out before starting negotiations.

Terms and Conditions

It’s also worth noting that all agreements made between landlords and tenants vary from one case to the next, so make sure you read the fine print carefully. This includes rental terms (i.e., length of time, the amount due per month, etc.), insurance coverage requirements, restrictions on parking space usage, and more.

The Tenant Improvement Allowance (TIA)

Lastly, don’t forget about the Tenant Improvement Allowance (TIA). This allowance can help cover costs associated with making changes, such as painting walls, installing new carpeting, or even upgrading furniture. Make sure that this allowance is either included in your initial agreement or negotiated with the landlord prior to signing the agreement so that it is not overlooked.

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