Infographic: Creating your baseline for industrial space

Infographic: Creating your baseline for industrial space

Posted at Jun 26, 2017 6:30:00 AM in Lease Clauses, Lease Negotiation, Saving Money

If a structural beam falls in a warehouse and no one is there to hear it, does it still make a sound?

OH. YES. IT. DOES.

$$CHA-CHING$$. Did you hear that? That's the sound of your money going straight to your landlord's bank. Let me explain...

When you rent a house, condo, or apartment, what is the first thing you do after signing the lease? If your answer wasn't taking a million photographs to document the pre move-in state of your new digs, you my friend are living life dangerously close to the edge. 

I may be somewhat overzealous with apartment documentation—full return of security deposit OR BUST—but all jokes aside, this scrutiny does not hold a candle to the care that should be taken when documenting industrial space; in other words, creating your baseline. The security deposit is the least of your worries.

In The Surrender Clause: How to Surrender and Win, Interstate Tenant partner Jim Herbst, discusses what to expect during tenure as a tenant occupier of industrial space. It is not uncommon for building ownership to change during a 15, 10, or even 5-year lease. Without a baseline (thorough documentation) there is no reasonable way for a landlord to determine original condition.

And thus, any damage to the space preceding your arrival can easily be attributed to you, complete with hefty penalties.

So how can all of this be avoided?

Create (and update) your baseline.
Baseline_Infographic2.png

The more proof you have the better off you are. So, make creating your baseline a priority.

This can be a daunting process, but we're here to help! Download our free pre move-in checklist to stay organized and cover all of your bases.

Download your free pre move-in checklist




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