At realestatemumbai.com to assist you further in getting the right office we have
taken up a very uphill task in an industry like real estate to get process driven
and at every step act as your advisor and map up the process with you so that you
can focus on your core business and not spend time on various aspects of leasing.
Steps which we follow to ensure a smooth office
- Response to Your requirement to you
- Ascertaining how much space you require
- Recommending suitable options
- Inspection of the Properties and providing detailed information on line for your
peers
- Understanding Lease rent rates and trends
- Lease Terms Negotiations
- Recommending Executive Suites
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A typical lease, at its core, is a business relationship - an agreement between
a tenant (Licensee) and a landlord (Licensor). Although leasing commercial real
estate may appear simplistic, perhaps even one-dimensional, it is crucial for you
to take review these essential steps. Otherwise, the process can turn into disarray
and time consuming.
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Define your requirements
The first questions to tackle are as follow: "What am I looking for?" and "What
would suit me best?"From prerequisites such as deciding location to determining
the property's prospective use, evaluating the space is critical.
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Locate suitable property
After determining space requirements, a hands-on search begins don’t forget to take
the final approval from your CFO/CEO if you need to take one for the final budgets
and location preference if you are looking at a property on their recommendation.
Locate suitable properties, survey the market, understand the available options
and see the listings if they match the parameters.
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Tour properties
A property review and physical tour is the next step of commercial leasing and specially
in Mumbai with different locations it is essential for you to understand the location,
proximity to closest railway station as in Mumbai the staff comes typically by Western
Railway line and Central Railway line. (See Map).
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Make a proposal to lease
Before you sit down to finalize the terms with your consultant and the Owner, make
sure that you have done the following :
- Measured the premises
- Seen the premises at different intervals of time, one in the morning and one
during the evening so that you know what kind of traffic to expect.
- Seen the fitouts well and if there is any damage
- If the premises is empty and shell condition, then would your entire team fit
in and with some spare space for expansion
- Have you factored for expansion
- Check Internet, Telephone and other connectivity and the service providers
- Any other practical thing like review the car parking space, guest parking and
in short most of the usual stuff and where you know that you are making an informed
decision.
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Space planning and architectural evaluation
This is an important aspect and your architect must see the space before you conclude
or at least he should get the floor plan and elevation plan to understand the property
and design around it as per your specifications and needs.
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Negotiate the lease contract
Negotiating may be tedious and frustrating. It is important to meticulously examine
every aspect of the deal to avoid future problems. A checklist, legal involvement,
and realization of tenant's resources are discussed thoroughly in this category.
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