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        Retail Leasing

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        • What are the key considerations when renting a business space, according to the provided information?

          When renting a business space, it's essential to consider the following points:

          1. Determine the Product/Service and Business Type:

            • Identify what product or service you're offering and define your target customer base before choosing a business location.
          2. Identify the Target Customers:

            • Determine demographic factors (age, gender, location, income, education, interests, marital status, etc.).
            • Psychological factors: Understand the emotional and experiential aspects influencing buyers' decisions.
            • Influential individuals/groups: Consider friends, family, community trends, or celebrities who might impact purchasing decisions.
            • Analyze customers who have used similar products/services or those of your competitors.
          3. Specify the Space Requirements:

            • Determine the needed floor area, orientation, storefront, rental cost, and other criteria such as infrastructure, security, and traffic flow.
          4. Choose the Right Area:

            • Define the area based on districts, proximity to schools, industrial zones, or specific business requirements.
          5. Negotiation Principles for Renting:

            • Invest time in negotiating the rental price and contract terms fairly and reasonably.
            • Keep emotions in check; if the space doesn't meet your criteria, be prepared to look for alternative options.
          6. Draft a Proper Lease Agreement:

            • Ensure the lease agreement covers essential points: area size, rental price, security deposit, lease duration, handover condition, and handover date.
            • Opt for notarization to validate the legal status of the contract.

          When renting a business space, it's essential to consider the following points:

          1. Determine the Product/Service and Business Type:

            • Identify what product or service you're offering and define your target customer base before choosing a business location.
          2. Identify the Target Customers:

            • Determine demographic factors (age, gender, location, income, education, interests, marital status, etc.).
            • Psychological factors: Understand the emotional and experiential aspects influencing buyers' decisions.
            • Influential individuals/groups: Consider friends, family, community trends, or celebrities who might impact purchasing decisions.
            • Analyze customers who have used similar products/services or those of your competitors.
          3. Specify the Space Requirements:

            • Determine the needed floor area, orientation, storefront, rental cost, and other criteria such as infrastructure, security, and traffic flow.
          4. Choose the Right Area:

            • Define the area based on districts, proximity to schools, industrial zones, or specific business requirements.
          5. Negotiation Principles for Renting:

            • Invest time in negotiating the rental price and contract terms fairly and reasonably.
            • Keep emotions in check; if the space doesn't meet your criteria, be prepared to look for alternative options.
          6. Draft a Proper Lease Agreement:

            • Ensure the lease agreement covers essential points: area size, rental price, security deposit, lease duration, handover condition, and handover date.
            • Opt for notarization to validate the legal status of the contract.
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