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Procedures and terms when choosing warehouse space for lease in Vietnam


When looking for a warehouse space for lease in Vietnam, the first thing to do is determine what criteria the business needs for a warehouse. Businesses can search for information through channels such as newspapers, websites, social networks or through partners and business partners who have used warehouse rental services. Choosing a warehouse to store goods requires many factors, so below are the criteria businesses can refer to before deciding to lease to avoid unfortunate risks when not thoroughly researching during the rental process.

Factors to consider when choosing warehouse space for lease in Vietnam

1.1 Search for suitable warehouses

One of the important factors when looking for a warehouse is location. Warehouses should be located in convenient locations, near main traffic routes and industrial parks to easily transport goods. In addition, other utilities such as electricity, water, security, and security systems should be considered to ensure the safety of goods. Location plays a necessary role in purchasing and transportation activities for employees working at the warehouse, while also creating convenience for partners by not having to travel too far. A good location helps employees and customers save costs during the process of moving and transporting goods.

Warehouse suitable for business needs

Warehouse suitable for business needs

1.2 Evaluate and select warehouses

After finding suitable warehouses, businesses need to evaluate and choose the best warehouse for their needs. This can be done by physically visiting and inspecting the warehouse, reviewing the amenities and services offered. In addition, it is necessary to consider the reliability and reputation of the warehouse rental service provider. Another important factor that needs to be considered is price. You need to consider the fees and costs associated with renting a warehouse such as rent, deposits, maintenance, and other fees. Choose a warehouse with many criteria

Choose a warehouse with many criteria

1.3 Procedures for renting warehouses

After choosing a suitable warehouse, businesses need to carry out warehouse rental procedures. First, you need to sign a warehouse rental contract with the service provider. This contract needs to be made in writing and contain all the terms and conditions of the warehouse rental. In the contract, it is necessary to clearly identify information about the warehouse such as address, area, and purpose of use. , lease term and terms of payment, maintenance, repair and contract termination. In addition, it is necessary to clearly define the responsibilities of both parties in protecting and preserving goods in the warehouse. Clear legal procedures

Clear legal procedures

Terms in the contract before choosing warehouse space for lease in Vietnam

2.1 Rental term

The warehouse rental term needs to be clearly defined in the contract. This term can be short-term or long-term depending on the company’s needs. If you need to rent a warehouse for a short period of time, you can choose to rent a warehouse by the day or by the month. If you need to rent a warehouse for a long time, businesses can choose to rent a warehouse by year or by long-term contract, depending on the needs of each business and future business strategy. The company needs to have a specific warehouse rental plan to ensure there is always room to store goods, to avoid falling into a situation where the goods arrive but the lease contract has ended. Or the goods are sold out but the rental contract is still long, causing waste of costs.

2.2 Rent cost

The warehouse rental price needs to be clearly defined in the contract. Rent can be calculated by area, by time or by a fixed price. You should consider and negotiate the rental price to ensure it is reasonable and consistent with the business’s budget. Need to consider and carefully list the items that need to be paid before renting and after renting. Package rental includes or does not include management services, businesses also need to research carefully before making a decision to rent a warehouse in Vietnam.

The rental price determines whether a business will rent a warehouse

The rental price determines whether a business will rent a warehouse

2.3 Pay

Payments should be clearly defined in the contract. Normally, you will have to pay a deposit and other fees when signing the contract. In addition, it is necessary to determine the time and payment method for warehouse rental and other fees. Businesses need to be transparent in the payment process to warehouse lessors. Avoid incurring additional unnecessary costs that are not stated at the beginning of the contract during the operation process, affecting the business budget.

Terms in the contract during and after choosing warehouse space for lease in Vietnam

3.1 Termination of contract

Terms of contract termination should be clearly defined in the contract. In case the business or rental unit wants to terminate the contract ahead of time, it is necessary to review the terms and conditions to avoid unnecessary fees. The contract needs to have two or more copies and be confirmed by three parties: the tenant, the lessor and the area management agency. When a dispute unfortunately occurs between two parties, the third party will rely on the contract to resolve the dispute, avoiding loss of rights.

3.2 Responsibilities and obligations of both parties

The responsibilities and obligations of both parties should be clearly defined in the contract. Businesses need to clearly define the responsibilities of the service provider and you in protecting and preserving goods in the warehouse. You should ask the service provider to provide appropriate insurance to ensure the safety of goods in the warehouse. Normally, warehouses with insurance packages for goods will have higher prices than warehouses without insurance.

It is necessary to clarify the contract between the parties

It is necessary to clarify the contract between the parties

3.3 Law and disputes

Legal and dispute provisions need to be clearly defined in the contract. It is recommended that the contract be made in writing and have all the terms and conditions to ensure the rights of both parties in case a dispute arises.

3.4 Additional terms

In addition to the above terms, it is necessary to consider and negotiate other additional terms to ensure that the warehouse lease contract fully meets your needs. Above is basic information about procedures and conditions. Accounts when renting warehouses in Vietnam. The selection and implementation of these procedures and provisions require attention and care to ensure your rights. If necessary, you can find out more information and advice from experts or business partners who have used warehouse rental services in Vietnam.

Concluding

Finding a warehouse for rent to store goods during the process of expanding production and business is an important issue for all businesses. To avoid risks during the warehouse rental process, businesses need to carefully learn about the included services, location, legality and additional terms in the contract to ensure their rights. If you don’t have time to research, you can find reputable units providing warehouse space for lease in Vietnam for specific advice.

>>> Seemore: Things to consider when choosing a Vietnam warehouse space for lease

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