Leasing

10 Things To Consider When Co-Leasing

coleasing

While starting a business and at the same time searching for a strategic location in the market you are looking for can be challenging. With the prices of property rising at the turn of each year, you wonder if it is possible to have a wall and brick location for your new business idea or non-profit.

Your business can be so many things but cannot afford to be far away from its intended niche. The more traffic you have, the better chance of turning a profitable venture or a fulfilling non-profit organization. However, for new business owners, a commercial lease is a daunting and herculean undertaking that requires inventive research and diligence.

I currently have the same challenge of getting a sizable location for a non-profit I chair. It dawned on me that I could do a co-lease with another non-profit since most of our programs runs in the evenings and weekend. That was how we got another non-profit to co-lease with us who are also looking for same opportunity. Below are some of the factors I considered;

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