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What safety precautions should I take when viewing a potential shared warehouse property?
When viewing a shared warehouse property, prioritise your safety. Inform a friend or family member of your viewing location and expected return time. If possible, view the property during daylight hours. Be aware of your surroundings and trust your instincts; if something feels wrong, leave. Ensure the property has adequate fire safety measures, including working smoke detectors and clearly marked fire exits. Check for potential hazards like exposed wiring or structural damage.
What should I check regarding the lease agreement for a shared warehouse space?
Carefully review the lease agreement before signing. Understand the terms of the lease, including the duration, rent amount, payment schedule, and any clauses regarding subletting or termination. Clarify who is responsible for utilities, maintenance, and repairs. Ensure the agreement clearly outlines the rights and responsibilities of all parties involved, including the landlord and other tenants. Seek legal advice if you are unsure about any aspect of the lease.
What are some key considerations when assessing the suitability of a shared warehouse for my business needs?
Consider the size and layout of the warehouse space to ensure it meets your operational requirements. Evaluate the accessibility of the property, including loading docks, parking, and proximity to transportation routes. Assess the security of the warehouse, including perimeter fencing, surveillance cameras, and alarm systems. Check the condition of the building, including the roof, walls, and flooring. Ensure the warehouse has adequate power supply, lighting, and ventilation for your intended use.
What insurance should I consider when renting space in a shared warehouse?
It's crucial to have adequate insurance coverage. Public liability insurance is essential to protect you against claims if someone is injured on your premises. Contents insurance will cover your equipment, stock, and other belongings in case of theft, fire, or other damage. Business interruption insurance can help cover lost income if you are unable to operate due to unforeseen circumstances. Check if the landlord has building insurance and what it covers.
What legal requirements should I be aware of when operating a business from a shared warehouse in London?
Ensure your business activities comply with all relevant planning regulations and zoning laws in London. You may need to obtain planning permission for certain types of business operations. Check with the local council regarding any specific requirements for your industry. Be aware of your responsibilities under health and safety legislation, including providing a safe working environment for employees and visitors. Ensure you comply with fire safety regulations and have appropriate fire safety equipment in place.
