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[Music] a big part of any businesses journey is acquiring space to conduct their activities whether youre looking for office space or retail industrial space this is your first space where youre getting bigger heres some things to think about when negotiating commercial please pay close attention to when the lease term starts if youve negotiated for a bill down pay attention to the rent commencement date and how that date relates to when the build-out is supposed to be started and completed and when the space is ready to be occupied you shouldnt have to pay if you cant occupy the space look into having a right to terminate the lease if the build-out is not started or substantially completed by specific dates additionally have the landlord agree to a timeline by which any minor or punch list items associated with the build-out will be completed lots of leases have terms that call for a base rent plus a monthly variable charge for the landlords expense in maintaining the property
