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Early signing of a ready-built factories leasing contract: What are the benefits?

August 08, 2022 08:25 AM

These days, global enterprises tend to rent pre-built factories rather than investing extensive amounts of money and time in building new ones, helping them to obtain financial advantages.

These days, global enterprises tend to rent pre-built factories rather than investing extensive amounts of money and time in building new ones, helping them to obtain financial advantages.

Why should enterprises sign contracts to rent ready-built factories as soon as possible?

Generally, international businesses that want to rent a ready-built factory need to go through a step-by-step process. The first of these is legal procedures. To be more specific, enterprises & service providers need to sign a principle contract. This is the official commitment between the tenant & landlord to ensure that both parties accept their responsibilities and obligations. Besides, by signing a ready-built factory contract soon, enterprises can gain a number of advantages:

“First come, first served” – Reserve prime location, good rent & special offers

A quotation for a ready-built factory is usually valid for a certain time. After that period, there is a high probability that the rental fee will escalate. Moreover, the special offers or the favored location may no longer be available. Based on the risks listed above, pre-signing the principal contract will help enterprises secure their position, rent, and good incentives. Businesses will be more confident in carrying out the licensing procedures and production plans in Vietnam as a result.

Factory specifications can be adjusted as required if it is under construction

When the lease agreement is signed early, depending on the specific item, the lessor may consider adjusting the technical specifications to suit the lessee’s requirements if their selected factory is in the finishing phase. It would be an enormous advantage to help enterprises in saving a significant amount of fit-out expenditure.

Support for legal procedures & operations

As an “early bird” in renting pre-build factories, enterprises will be supported by the lessor in completing legal procedures & consulting on all necessities in the preparation phase, for example, logistics, labor, housing, etc.

Ready-built factory of GNP Yen Binh 2The sooner enterprises sign the contract, the more privileges they take

The GNP Yen Binh 2 Project in Thai Nguyen, which is soaring in the supply of ready-built factories, has a reputation in the eyes of global enterprises when opting to sign leasing contracts.

GNP Yen Binh 2 constantly prioritizes delivering appropriate – comprehensive – worthy utilities & specifications: An automated fire sprinkler system provides safety, a consecutive canopy makes loading and unloading goods easier regardless of weather conditions, and an open factory floor plan with no internal columns helps maximize manufacturing space, etc. Moreover, enterprises could use other facilities such as a public canteen & toilet, bike parking, nearby residential area, and so on, allowing businesses to go into operation as soon as possible.

Besides, ready-built factories of GNP Yen Binh 2 also have strategic locations, which are situated on the key freight route: 0,5 hours to Noi Bai international airport, 01 drive-hour to Ha Noi, and neighboring logistics via Ha Noi – Thai Nguyen expressway. It is thus extremely convenient for product transportation.

The first phase of GNP Yen Binh 2 is expected to be complete in August 2022. Especially, businesses choosing to sign a lease contract during this period would receive plenty of good incentives, commercial terms as well as flexible payment terms.

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