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Commercial Renting Process

 
Decide on an Area
 

Step 1. Firstly you need to decide on which area or development you want a commercial property in, several factors that could influence this decision would be renting close to busy offices, children`s school`s and well populated areas.

Work out your Finances

Step 2. When renting commercial property either annually or monthly the rent will depend mostly on what you can afford and your income or salary. Make sure you add in the costs of electricity, water, satellite and internet packages along with an other extra charges. Owners and Landlords tend to offer a reduction in rent if this is paid up front on a yearly basis on the other hand it may be more convenient for you to pay monthly this we will help you discuss with the Owners and Landlords in advance.

Have your paperwork ready.

Step 3. Most Owners and Landlords will keep a copy of your passport when you rent a commercial property from them it`s best to make copies of all your important documents in advance as you will also need them when connecting telephone, water, electricity and internet. You should also have copies of your valid residence visa and driving licence just to be on the safe side. Ask your designated Smith & Ken consultant and they can guide you more on this process and answer any questions.

Choose an Agent/Agency

Step 4. When you instruct Smith & Ken to be your preferred local agent for finding you the perfect commercial rental property for you, we aim to please. You are instructing a registered company with the Government of Dubai Land Department Approved RERA Real Estate Agent Registration Number 928. Therefore you`ll be safe in our hands as we are fully licensed with all regulatory departments.

Rental property Viewings

Step 5. Most of our clients here at Smith & Ken want to see a good range of commercial properties before making their final decision. This can be done in mornings, afternoons, evenings or weekends to fit in with your schedule simply call your consultant and they will arrange all this on your behalf with a confirmation call to you with times when complete.

Making an Offer

Step 6. After viewing all the commercial properties with your Smith & Ken consultant you may want to make an offer to the Owners and Landlords on a certain price, some may also be flexible with payment plans and also give reductions on full payments in advance for the year.

Agreeing to Rent

Step 7. Once your rental offer has been accepted you really only need to agree with the Owner or Landlord on a moving in date on your commercial property. Now this can depend on whether the property is occupied with a tennant already or if it is vacant in which case it's easier. Thereafter it`s only a case of connecting your telephone, electricity, water and internet and you can move in. We will advise on your behalf throughout this process, keeping you informed every step of the way in case you need us.

Agreement & Deposit

Step 8. As with all steps in the commercial rental process it is part of our service here at Smith & Ken that we prepare a rental agreement unless the owner or landlord has one specifically for their property. Our agreements are all RERA attested and certified. Once the agreement is finalised your deposit shall be passed onto the owner or landlord

Tenancy contract Signed

Step 9. Once your tenancy contract is signed, we will provide you with all the access cards and keys for your new commercial space.

Moving in to your Property

Step 10. Once all the paperwork and contracts have been signed along with the deposit and the balance payment you are ready to move into your office or retail space. At Smith & Ken we can also advise you on removal companies to use or other useful information such as how to connect your telephone, internet and fax. We hope you enjoy your new commercial property and remember we are only a phone call away if you need any follow up assistance or support.

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