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Top Considerations
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Location
Current neighbourhood vs potential upside
Insurance
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Leasing details
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When leasing, one has to inderstand fully the terms, "triple net lease", "options", and clearly what you are getting in return for the opportunity to occupy a piece of real estate.
1) Make sure your piece of the pie is not stale..consider your business, your business plan and does it fall in line with this pie?
2) Make sure the pie is the right flavor..how do you know this place will work for you and your employees? Is this a good place to be...for commercial or residential use? Is it zoned for what you are going to do?
3) Watch the crust, check the texture of the filling. Before you rush to lease, what is the condition of the electrical and plumbing? Post Katrina world is not forgiving when the terms and conditions of the lease end up dictating that you have to upgrade everything since Napoleon was last here.
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