1. Get Your Documentation in Order
Remember that we’ll need the following FICA documentation from prospective tenants: company CK documents, copies of directors’ ID documents, signed resolution for signatory on offer documents, three months’ bank statements, copies of proof of directors’ residence, credit references, and ITC checks.
2. Do Your Calculations
Before you decide to relocate your business, it’s best to calculate your ‘effective occupancy per square metre’. In other words, what will your lease actually cost you? You’ll need to factor in operating expenses, escalations and other rental provisions, as well as day-to-day considerations like parking bays and alarms. If you’re looking for industrial space, will you need a generator?
3. Other Expenses
Remember your deposit: industry norms are two to three months’ rental.
Allow for IT: Telkom and other service providers need plenty of time to connect.
Financing the fit-out: this includes dry-walling, carpeting and air-conditioning – and can be a costly outlay.