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Finding Industrial Property for Lease

Finding Industrial Property for Lease

Industrial property for lease can be located in each state. However, companies must first consider the laws, statutes and taxes in each state, before deciding on a location. For example, Arizona can levy an excise tax on companies which conduct business outside of the state.

 

Those that are looking for industrial property for lease must also consider the terms of a contract, as well as tenant rights in each state. Leases can be more beneficial than renting a building, as the terms include more stability in a lease. For example, renting generally includes a shorter period of time and when that short contract expires, the terms can easily be changed by the landlord. Whereas, a lease is more long term, which assures the landlord that the tenant will be there for some extended period of time, giving them the ability to grant more benefits to the tenant because if that stability.

 

In addition to certain terms, such as the cost of a lease, there are other terms in leases which may be more beneficial to both the tenant and the landlord. Landlords tend to be willing to make an improvement when they are certain that the building will remain occupied, which in turn, keeps their tenant happy.

 

There are some legal issues which can affect the lease and those individuals that are part of the agreement. In many states, companies that break their lease are subject to legal ramifications, as is the landlord if they break the lease.

                                                                                                                                                    


 

Finding Industrial Property for Rent

Finding Industrial Property for Rent

Those companies which require industrial property may choose to rent, lease or buy. The decision will depend on many factors, including the duration of time which the company plans to stay in one place. Buying property is the best long term option in many cases. However, renting is the best short term option.
 
The benefits of finding industrial property for rent are that tenants are only required to stay in that location for a short period of time. This can be beneficial for certain types of companies or those which are just starting out. For example, a company that is unable to survive and has signed a long term lease would still be required to fulfill the lease terms; whereas, industrial property for rent only requires a short term commitment.
 
While there are benefits to renting industrial properties, there are some downfalls as well. Rental agreements are short, which means that each time the rental agreement is renewed, the landlord may change the terms, which can result in frequent increases in the rent, as well as a decrease in tenant rights, such as the frequency of maintenance to the building.
 
Each company will have different needs and for some, the best option is finding industrial property for rent. It is important for both tenants and landlords to lean their applicable rights in their state. For example, in some states tenants have more rights than landlords and they can withhold rent in certain circumstances.
 

An Overview to Industrial Real Estate

An Overview to Industrial Real Estate

Industrial real estate can encompass many types of properties, such as research facilities and warehouses. Companies may choose to rent, lease or buy industrial properties and each option has many benefits, as well as some downfalls. The company should examine the laws in their state to see which decision would benefit the company’s bottom line. In some states, companies may bet incentives, such as lower taxes, if they choose to buy an industrial property. However, some companies may find that a short term options better for their bottom line and they may decide to rent.