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Commercial real estate leases are a form of rental agreement that allows businesses and organisations to rent commercial spaces from landlords. The first step when leasing commercial real estate is to set the parameters of the property being leased. There are five $(5)$ main factors you will want tCommercial real estate properties are zoned for specific uses, such as for industrial, leisure, office, restaurant and retail uses. These zoning laws, or planning schemes, dictate what a property can be used for, and in turn, who you should be leasing out a property to$.$ Ensure that you check with your local government to determine the proper zone for your property prior to leasing.

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Another factor to consider when determining who to lease a property to is the size of the property. The potential lessee will require a property of a certain size for the needs of their business. A retail business may need room for both their store as well as storage, a warehouse may need a large amount of room for their storage as well as for loading bays, or a coffee shop may only need a small space for a couple of workers and a drive$-$thru window. Meet with potential lessees to give them a good perspective as to the size of your property and to see if it will meet their needs.

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When attempting to attract potential lessees, knowing who the ideal customer is for both your needs and requirements, as well as for the property being leased, is one of the most important property parameters. Customer$-$focused lessees will want to lease properties where they can reach the most customers for their service, while offices, warehouses and other similar businesses will want to lease properties that are convenient for their workforce or their logistical needs. Consider undertaking an analysis of the businesses located around your property to determine what types of businesses you should market your property towards.o define.

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