We’re Here to Help You and Your Business Thrive
As a business owner you’ve got a lot of decisions to make. When partnering with anyone,
you’re looking for them to be the expert in their field.
Andal Corporation Ltd. is your expert landlord. We’re not just looking to fill spaces and collect rent cheques. We work to create win-win situations for our tenants to support the
vibrant New Brunswick community.
We know that you’re excited, and probably a little overwhelmed with all of the decisions that you’re making for your business right now. When looking for a commercial space to lease in
New Brunswick, we highly recommend that you book a tour for any space that you’re
During a tour, we help you visualize how the space could work for you or identify potential challenges that you need to include in your search going forward. It’s the best way that we’ve found to help our commercial tenants lease the right space for their needs.
Interested in one of our spaces? Apply through the listing or contact Alan to book your tour. There’s no pressure on our tours, simply the help of an expert who has renovated countless spaces in the past to help business owners thrive.
The price of a commercial lease is based on the square footage of the space, and the lease type.
Net Lease: Most common type of lease for commercial buildings. A net lease includes a base rent that stays consistent and additional rental fees that can fluctuate.
Additional rental fees cover operating costs for common area expenses, such as utilities, property taxes, property maintenance, property management, etc. Other optional fees that could be covered under additional rent can include signage, HVAC maintenance, garbage removal, and parking. All these items are discussed and negotiated based on your specific needs before the lease is signed so that each party is satisfied with the final lease agreement.
In your lease agreement, you’ll see that you pay the base rent and the agreed upon instalments for additional rental fees. At the end of each year in November, we review the
actual costs of additional rental fees to process a reimbursement or an invoice. In April of the following year, you will see the reimbursement or invoice for the previous year’s true cost of additional rental fees.
Gross Lease: The rent payment of a gross lease is a fixed number that covers all rent and utilities in one amount. This type of lease does not fluctuate month-to-month, but is often higher overall compared to a net lease in order to account for inflation. A gross lease can simplify budgeting for your commercial lease space.
We can help you customize a space to suit the specific needs of your business. We’ve worked with hundreds of businesses across a wide variety of industries. When you book a tour with us, we help you visualize the space and consider things like lighting, storage, and other items that you may need to have customized. We’ll even help you throughout the renovation process to ensure that things go as smoothly as possible.
There are many factors to consider when opening a commercial location. We collect data about our neighbourhoods on a regular basis so that we can help businesses make informed decisions on where they rent. You can contact Alan if you have specific questions or concerns about finding the right location for your commercial space.
We know that you might be worried about your business being successful. You can speak with Alan about the terms of your lease so that you feel confident in your decision to rent with us.