How do you let commercial properties?
Answers:
Through an estate agent who deals in commercial property. Contact one and they will talk you through it.
You find someone who wants to rent it. You may need to alter the space or get creative in how you match what you have to what the renter wants. Quite simple actually.
Let them what?
Seriously through a solicitor. make it watertight
place a ad in the local paper, or leave it to the estate agents to find someone to rent, make sure everythings in working order, oh and make sure you have come to a arrangement over utility bills, or you will end up paying for them
go to the rental properties management company and ask.
Contact a letting agent.
If you have not done this before, you need expert help. Finding a tenant is a lot easier than negotiating the proper contract terms. You need to be very careful.
Commercial property in the US is valuated based on the quality of its leases. Most leases here are 5 year terms with additional renew options. Therefore, if you negotiated a sub-par lease, the effect can last 5, 10, 20 years. We have two Bank of America buildings with 20 five year renew options. If the lease is not good, we would have been locked in for 100 years. Furthermore, commercial real estate is priced on capital return rate. therefore, a below market long term contract or the failure to control operating expenses will destroy its value and its marketability.
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