Buying or renting commercial property can be tough, but we’ve made it easier with our simple checklist!

This guide gives you key steps to help you make smart choices, whether you want to buy or rent commercial space. Click the links throughout to go into deeper detail about certain stages of the buying/renting process.

The research stage – Preparing to buy or rent a commercial property: Business needs, market research, financial layout, experts to help, legal obligations, and planned timeline.

Taking Action – Engage Professionals; Consider hiring a commercial property expert for guidance, as well as a financial expert to ensure that financially you are prepared.

The Property Search – Begin viewing available properties that meet your criteria and take notes and photos to compare options later.

Evaluate Properties – Conduct due diligence on the shortlisted properties and research deeper into any legal obligations, property condition, maintenance and potential for growth.

The Negotiation – Negotiate terms with the seller, landlord or their representative, including price, lease terms, and any contingencies, be prepared for counteroffers and adjustments. A commercial property expert is worth the investment here for making the negotiations on your behalf and creating a deal that works in your favour.

Due Diligence –
For buying: Conduct inspections, appraisals, and title searches.
For renting: Review lease terms, and check for hidden costs or obligations.

Finalise Agreements – 

For buying: Confirm finance and sign the contract

For renting: Sign the lease and ensure all conditions are clear.

Closing the Deal – 

For buying: Complete the purchase process, transferring ownership.

For renting: Move in and start operating your business.

Post-Transaction Management

For buyers: Consider property management and maintenance strategies.

For renters: Understand your responsibilities under the lease agreement.