Commercials leases are far more complex than residential leases. So, it is important to carefully read the proposed lease terms offered by your potential landlord and to advocate for adjusted terms that are tailored to your needs. While there is no one term that makes or breaks the desirability of a commercial lease, there are some commonly negotiated terms that you should take a careful look at before signing your agreement:
- Sublease and assignment restrictions
- Relocation provisions
- Demolition clauses
- Exclusivity and permitted use clauses
- Continuous operation requirements
- Square footage calculations
- Common area maintenance fees
- Personal guarantees and
- Landlord’s liens.
More information about these lease terms is available throughout the rest of our FAQ. If you have any questions, contact us at (312) 216-2720 or info@marcusboxerman.com.