Warehouse Leases – Common Questions to Ask Before Signing a Lease
A warehouse lease is a commercial real estate agreement between a business owner and a landlord. The terms of the lease vary based on the type of product or service the business owner is storing, but there are some commonalities to consider.
Is warehouse a godown?
The zoning of a warehouse property is important because it will determine what can be stored in the facility. Whether you are looking for an industrial or retail property, the zoning laws will have implications for your warehouse lease.
#2: What is the Square Footage of the Rented Space?
A warehouse leasing lawyer can help you determine the size of a potential space. This will ensure that you do not find yourself renting an overcrowded area.
#3: Does the Warehouse Have Heating, Ventilation and Air Conditioning?
Unlike office space, most warehouses are not equipped with HVAC. If this is a critical factor for your business, you should make sure that the building you’re considering has it installed and in good working condition.
#4: Does the Warehouse Have a Parking Lot?
While warehouses may not require as much space as office spaces, they do need a parking area for employee vehicles and deliveries. The parking area should be maintained by the landlord.
A warehouse lease is different from a normal commercial lease in that it is designed to protect the goods being stored within the warehouse. Many states mandate that warehousemen obtain surety bonds to protect storers against wrongful acts. In addition, the warehouse space itself is subject to a lien if not paid for, unless a lease specifically waives a lien.