It is essential to note that nowadays, the land load has a monopoly on renting to business owners. So you must know how to rent the best business space for your shop.
Types of Property
So whenever you rent commercial property, you must do lots of research before renting. Because there can be high chances of dispute, such as the landlord may not return the security deposit, or any credit and balance might not be cleared to the last business owner. It is necessary to see every aspect so that you may not face challenges during your business.
Area of the Room
Whenever you are looking to rent a room, it is also mandatory to look at the size of the room, first of all, you must be clear about yourself, how much space will be required for your business. If you need only 200 to 300 sq. ft, then consider it for such an area only. Because renting a huge area may not look good, since you have to stock the inventory. In case if you are unable to stock the inventory in all the areas, then whenever a customer visits your shop, it will not give a boost there to make a purchase because an empty space may create the impression that all items may not be available here.
Parking Space
Whenever a customer visits your shop, it is important to note that most of the customers will visit your shop in their private cars or bikes. So it is important to have a parking area along with your shop.
Rent
Rent should make sense, it doesn't mean the space os of just 1000 rupees and you are paying 2000 rupees per month. So, before meeting the shop space, take a look at that area, how many customers can be attracted, and what is the current footfall in that place. If more footfall means more gathering, the more gathering means more shopping.
Security Deposit
There are lots of doubts regarding how much security deposit should be paid to the landlord. So this is the important thing to know, why should we pay a security deposit? Security deposit is an advance payment of 3 months, 6 months or 1 year. So, in case you are unable to pay monthly rent, then the owner can adjust the rent from the advance payment, meaning the security deposits.
We also get texted from our users that they have been asked for 1 lakh, 2 lakhs as security deposits. In this scenario, you must consult a lawyer for legal paperwork and registration of the agreement.