As a business owner, finding the perfect location for your company is crucial. One important factor to consider when leasing commercial space is the common area.
A common area is a shared space within a commercial building that is used by multiple tenants. This space can include hallways, lobbies, restrooms, elevators, and parking lots. It is important to understand the terms and conditions of the common area in your commercial lease agreement.
The first thing to consider is who is responsible for maintaining the common area. In most cases, the landlord is responsible for maintaining and cleaning the common area. However, this responsibility can be shared with the tenants, and the lease agreement should clearly state who is responsible for what.
Another important factor to consider is the cost of maintaining the common area. The landlord may charge a common area maintenance fee, which is typically a percentage of the total rent. This fee covers the cost of cleaning, maintenance, and repair of the common area. It is important to understand how this fee is calculated and what services are included.
It is also important to consider any restrictions or rules regarding the use of the common area. For example, there may be restrictions on the types of signage or displays that can be placed in the common area. There may also be rules regarding noise levels, smoking, and the use of certain amenities, such as elevators or parking spaces.
Finally, it is important to understand the liability that comes with using the common area. In most cases, the landlord will carry insurance to cover any accidents or injuries that occur in the common area. However, tenants may also be held responsible for any damage or injuries that they cause.
When leasing commercial space, it is essential to carefully review and understand the common area provisions in the lease agreement. By understanding your rights and responsibilities, you can ensure that your business operates smoothly and safely in the shared space.