It might seem that renting a hall or a warehouse is much simpler than renting an apartment or office space. The reality, however, is that in this case it is also necessary to pay attention to an array of factors that impact the profitability of the investment.
RENTAL DURATION
How to rent a manufacturing hall? When choosing to rent a hall or a warehouse, you should pay attention not only to the price but also the duration of the agreement. On one hand, it cannot be too short, as it could mean sudden change to the prices or in extreme cases even necessity to move to a different place if the counterparty has decided to switch the party to cooperate with. It would also be inconvenient for the hall owner, as in case of the renter terminating the agreement it is not always possible to find a new counterparty fast.
The most beneficial solution in many cases will be long-term rental. In many cases, but not always. It’s always a good idea to pay attention to the company’s Financial situation, and on top of that also to the predictions for a particular industry. If one of those factors turns out to be unfavorable – take this into account when negotiating the duration of the agreement.
THE CONTENT OF THE AGREEMENT
The rental agreement should be constructed very clearly, taking into account the issues related to the Rights and obligations of the renter and the owner of the hall or warehouse. Who is in charge of repairs? Who’s in charge of removing snow from the roof? To what extent is it allowed to redevelop or replace the existing equipment? All those matters should be clearly determined on paper in order to avoid misunderstandings later.
LOCATION OF THE HALL OR WAREHOUSE
It may not be a factor as crucial as in case of apartments and offices, but it’s still important. No matter if the particular facility is a manufacturing hall or a warehouse, it’s a good idea to take into account how easy it is to reach for vehicles that transport goods and whether there will be parking space available around.
On top of that, when it comes to renting a manufacturing hall, it’s a good idea to check its surroundings. Especially in terms of analyzing whether there’s a Risk of conflict with the local community.
PROTECTING A HALL OR WAREHOUSE
Although this factor is listed as the last, it should definitely be given a lot of attention. When thinking about which hall or warehouse to rent, check out the existing fire and burglary protections. Don’t get lured by cheaper offers of halls where something this important has been neglected.
