Questions About Renting My 1st Commercial Property

[Matt Morel]

Hey guys! 

I want to start by saying that I hope I posted this in the right area. Well here's what I have for ya:

A buddy and I are looking to open the doors of our small business in spring/early summer of next year. Both of us are 25, and this is the first business either of us have ever done. With that being said, neither of us have any experience and have no idea what to expect with renting a commercial space. Are there any specific things I should look for, ask for, or expect?

I'm sure expenses such as renovations, utilities, etc.. will vary from place to place and landlord to landlord, but here are my biggest areas of concern:

- Renovations: If we will have to hire a licensed and insured contractor to do renovations/remodels for us to fit our business' needs. This will get pricey quick if so. Both of us have dads and friends who are very handy, and have been in construction related careers for a long time, but they aren't contractors. If we could use them, it could save us big time

* Are there any instances where the landlord should help with the cost of renovations? 

* Are the tenants usually expected to return the property to its original appearance upon   move-out? 

- What are the standard requirements for renting a commercial space? Do we need business credentials? A business track record? Show them our revenue projections?

Those are all of the areas of concern I can think about at the moment. I'm sure more will come, and I will update this post as they do! Any input that you commercial landlord/tenants can share with me about your experiences and what to expect/look out for would be greatly appreciated!

Thanks!