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Terms to negotiate when renting ready-built warehouses

May 17, 2023 01:24 AM

When negotiating a lease contract for a ready-built warehouse, businesses should consider some following important factors to ensure the benefits.

Area and rental rates: It is important to determine the area and rental rates when leasing a ready-built warehouse. Businesses should ensure that the rent is reasonable given the size of the warehouse, its location, infrastructure, and other criteria.

Furthermore, businesses should also consider the possibility of future expansion when leasing a ready-built warehouse to make sure that it can meet your needs of scaling up.

Lease term: The lease term should be clearly defined in the contract to avoid any misunderstandings and disputes in the future. If a business needs to rent a warehouse for a long period, it is possible to negotiate for a more favorable price.

Like the area of the warehouse, the lease term should also be clearly stated in the contract that it is adjustable according to the agreement of both parties.

Deposit and payment schedule: Businesses should discuss the deposit amount and rent payment schedule. Make sure that both the deposit and rent payment schedules are reasonable and suitable for the needs and financial capacity of your business.

Conditions of use: The warehouse lease contract should clearly specify the conditions of use, including maintenance, repairs, and return of the warehouse at the end of the lease term.

Maintenance and repair: Proper maintenance and repair are crucial to ensure the stable operation of a ready-built warehouse for the lessee. As such, it’s important for the lessee to check who will be responsible for maintaining and repairing the warehouse if necessary, and how the associated costs will be calculated.

Security and safety: The lessee needs to thoroughly understand the security and safety conditions in the warehouse area to ensure the safety of employees and assets of the business.

Rights and obligations of both parties: The lease contract should clearly specify the rights and obligations of both parties, including costs, insurance, legal, and other related issues.

Insurance policies: Reviewing the insurance policy is important to ensure that both the lessee and the lessor are adequately protected in case of an incident.

Contract assignment: The lessee should take into account the conditions for transferring the lease contract in case it needs to be transferred to another unit in need.

Termination clause: The warehouse lease contract should include a clause to terminate the contract in case of any incident or expiration. Businesses need to ensure that this clause is included in the contract in a clear and detailed way.

If you need further advice on the leasing contract of a ready-built warehouse or wish to rent one, you can consider the GNP Nam Dinh Vu project.

GNP Nam Dinh Vu is a highly regarded and reputable ready-built warehouse project that has gained the trust of numerous domestic and foreign businesses. It is strategically located in Nam Dinh Vu Industrial Park, situated in the northern city of Hai Phong. The project boasts an optimal design featuring column-free design for maximum usable area, a floor system and partitions that meet workplace safety standards, wide internal roads, modern surveillance cameras, fire protection systems, not to mention additional amenities such as ATMs, canteens, parking spots, etc.

More notably, by selecting a ready-built warehouse at GNP Nam Dinh Vu, businesses can enjoy significant discounts, receive legal support and guidance for setting up their businesses, recruiting personnel, and save time thanks to the local authorities’ one-gate system.

For more information about ready-built warehouses at GNP Nam Dinh Vu, please contact our Hotline at +84 789 75 77 88.

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