Take A Look At These 8 Essentials When Renting A Warehouse Near You!

Author : Work Store | Published On : 19 Feb 2024

Are you looking to expand your business this 2023? Investing in a warehouse rental near you can be a great way! It gives you the opportunity to increase your storage capabilities. Be it you are looking to store inventory, equipment, or other materials. Like storage units near you, a warehouse can provide the space and security you need to keep your business running smoothly. However, there are certain documents and things that you will need. Having these essentials can help before you can rent a warehouse.

If you plan to splurge some cash for a warehouse or storage space rental in Singapore, here are the essential items you may need before renting.

Business Licence

Before getting a warehouse rental near you, you should have a valid business licence. This licence will show that you are a legitimate business. This document can certify you have the authority to conduct business in your area. The storage facility may also require you to provide proof of your business's insurance coverage.

Proof of Income

In order to secure a warehouse rental near you, you will need to show that you have the financial means to pay for the space. The dealer may require you to provide proof of income or a bank statement showing that you have sufficient funds to cover the cost of the rent.

Credit Check

Most landlords also require renters to present a credit check before they give you a contract and hand you down the warehouse rental near you. This document can ensure you have a history of paying your bills on time. It can also assure the facility that you are a responsible tenant. If you have poor credit, you may need to provide additional collateral. Another way is to have a co-signer secure the rental agreement.

Lease Agreement

When you rented a storage space near you before, you know that a contract is crucial. A lease agreement is a legal document. It outlines the terms and conditions of your rental agreement. This document will detail the rental amount, payment terms, and security deposit. Moreover, it also highlights any other fees or charges you will be responsible for. Read and understand the lease agreement before signing the dotted line.

Security Deposit

In addition to the first month's rent, you should also provide a security deposit. The landlord or storage facility holds this deposit to cover any damages or unpaid rent at the end of your rental period. The security deposit amount will vary depending on the size of the warehouse and the length of your rental agreement. So, before getting a warehouse rental near you, prepare money first.

Proof of Identification

When finding a warehouse rental near you, provide a valid form of identification, such as a driver's licence or passport. These two identification documents can prove you are who you say you are. Additionally, this can help prevent fraud and ensure that the landlord is renting to a responsible tenant.

References

Some landlords may require references from previous landlords or business associates to vouch for your character and reliability. These references can help to reassure the landlord that you are a good tenant who will take care of the property and pay rent on time.

Move-In Date

Once you have signed the lease agreement and provided all the necessary documents, you should agree on a move-in date. This date implies when you will take possession of the warehouse. It also commences when you will begin paying rent. Consider booking an easy storage service for convenience and coordination with the facility, movers, or contractors you may be working with.

Remember this adage. By failing to prepare, you are preparing to fail. With Work+Store by your side, you will never have to worry about finding high-quality, reliable storage space rental in Singapore. Head to their website today to learn more about their locations and price rates.