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Tag : commercial lease

Is A Personal Guarantee for Me?

Is A Personal Guarantee for Me?

When entering into a commercial lease, the Landlord often requires a personal guarantee from the business owner, even if they have formed a corporation or LLC, and may refuse to rent the space without one.  This means that the guarantors will make the lease and other payments if the business fails. Landlords often ask for a personal guarantee from start-ups and other small businesses.  Read very ca

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Should I Get My Lease Reviewed?

Should I Get My Lease Reviewed?

Regardless of your industry, one of the first and most important agreements you’ll likely sign is a commercial or industrial lease agreement for your business. A lease agreement is also sometimes called a rental agreement. A clear and well-defined lease agreement helps both tenants and landlords understand their obligations and protect their interests. When leasing a space, it is important to do your due d

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Negotiation Mistakes You Should Avoid

Negotiation Mistakes You Should Avoid

The main risks to consider when leasing a commercial office space is time, money, and risk You must understand which location is going to yield you the best rate and terms. You also want to avoid choosing a bad location or making an erroneous operational decision.  Furthermore, you need to keep in mind what your options are in the event that your business needs to expand, contract, or relocate.  Yo

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Creating Leverage in Lease Negotiations

Creating Leverage in Lease Negotiations

Are You Creating Leverage? In order to get the best deal when looking for commercial space, be sure you are creating leverage in your lease negotiations.  Hiring a broker is the first step you can take toward creating leverage. For example, you can go to the grocery store to purchase milk and notice the price says $2.99.  You can't take that jug of milk to the cashier and ask to pay $2.00 instead.&

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So…What is in My Commercial Lease Anyway?

So…What is in My Commercial Lease Anyway?

Landlord and tenants sign lease agreements when renting property. What is included in this lease will vary. However, there are certain basics you should know about lease agreements in general. Leasing business space is a major obligation.  The successes or disappointments of your business may ride based upon specific terms of your rental agreement so it is important to gain a basic understand of commerci

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