How to Nail Your Next Commercial Lease with Ryan Elson

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Ryan Elson from Safetynet Business Coaching

Ryan Elson from Safetynet Business Coaching

Wages and lease costs are the biggest outgoings for many businesses. The wrong lease agreement could see you hurting for cashflow due to unexpected costs. In this interview with Ryan Elson find out how to avoid common pitfalls and what you should be trying to include when it comes to negotiating your next commercial lease.

Ryan has been a real estate agent for 15 years with most of that time spent in commercial side of the industry. As he points out in the interview, all agents are obligated to get the best deal for the landlord as that is the person that is engaging them and who pays them at the end of the day.

Many first time business owners negotiating a commercial lease are at a disadvantage because it is yet another complex area to get your head around – one of many – when getting your business off the ground. Even for established businesses it can be several years between lease agreements and like anything that you do infrequently your chances of doing a great job at it are not the highest.

In recognition of that Ryan has opened Safetynet Business Coaching – a consultancy and coaching business for small business owners to help make sure they get a good deal on their commercial lease and to hold their hand through the process from the initial search to opening the doors to customers.

Ryan spills the beans on a wide range of topics and considerations around commercial leases in this interview including:

  • Selection of a premise – caution a too large building, position, visibility, parking
  • Negotiation – incentives, lease lengths, rent increases
  • Lease agreement – which lease type will you be under, bonds, options, hidden outgoings
  • Preparation for opening – fitout, trades needed, signage, Council applications

In 2016 Ryan has also taken over the reins as the President of the Redcliffe Chamber of Commerce.

Got a question that we didn’t cover fully in the episode? Use the comments below to continue the conversation.

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