| Establishing a business lease in Georgia demands | | | | the property has no major damages. |
| you take adequate precautions and negotiates | | | | Georgian law establishes an inspection procedure |
| until he/she gets the best possible lease terms. A | | | | that ensures that tenant and landlord sign an |
| business lease has to be signed after carefully | | | | agreement regarding the condition of the building |
| considering if the location, space, the building etc. | | | | while being handed over to the tenant, for |
| are well suited for your business needs. | | | | landlords who own more than 10 rental units, but |
| Essential Features of a Commercial Lease: | | | | others may practice this method too. The landlord |
| Commercial leases can be either gross lease or | | | | will inspect the property within 3 days of the |
| net lease or percentage lease or a graduated | | | | termination of the lease and prepare a list of |
| lease. A short-term lease may be well suited for | | | | damages or repair and present it to the tenant. |
| small businesses that are not location sensitive; | | | | The landlord may withhold, depending on the |
| long-term leases are ideal for businesses that are | | | | extent of the damages, all or part of the security |
| location sensitive. It will be better to opt for a | | | | deposit. Georgian law requires that the landlord |
| renewable lease. Try to get a cap on the annual | | | | gives 60 days notice before terminating a lease |
| rate of increase of the rent. It will be better if | | | | and tenant has to give 30 days notice for the |
| there is a clause permitting you to sublease or | | | | same. |
| assign your premise. | | | | It is necessary for the tenant to consider several |
| The landlord usually has fire and extended | | | | factors before establishing a business lease in |
| coverage insurance as he deems fit for the | | | | Georgia, such as the type of commercial lease, a |
| property, the tenant is responsible to get | | | | gross lease is the best suited for a tenant, the |
| adequate insurance for his personal property. | | | | area and the location of the premise, if there is |
| Before establishing a business lease in Georgia, | | | | adequate space to expand the business if need |
| consider several aspects of the lease such as the | | | | be, if the rent is reasonable. Try and negotiate to |
| term, if the rent charged is reasonable and that | | | | get benefits such as alterations done by the |
| the rent is not over-priced. Usually 2 months rent | | | | landlord at no extra costs, make sure where you |
| is given as a security deposit to the landlord. This | | | | stand should the landlord sell the property and |
| is given in case the tenant vacates without paying | | | | what will happen to your security deposit etc. |
| the rent. The landlord has to return the security | | | | There are firms that help new entrepreneurs by |
| deposit within 30 days after the termination of | | | | offering their services as well as products to help |
| the lease if the tenant vacates giving notice and | | | | run a successful business. |
