When negotiating your commercial lease, there are a few things that you should absolutely consider. Including all of the following items in your lease is strongly recommended:
• Corporate entity • Renewal options • Assignment rights • Tenant inducements • Signage • Parking • Exclusives Clauses to Be Apprehensive About in Your Commercial Lease Just as it's important to include certain key terms in your lease, you must also be cautious about what terms are in the lease to begin with and how they may affect you and your business down the road. You may want to remove or adjust some of the following items: • Holdover • Percentage rent • Radius restrictions • Demolition clauses • Default clauses • Relocation clauses At First & Main, we're experienced in all phases of lease negotiation and renegotiation. We know what to look for and how to protect you from potential pitfalls. Remember, there is never a cost to the lessee in a lease negotiation! And we're happy to review even existing leases to advise you how to handle renewals.
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