Whether you’re moving your business out of your home or the office space you’ve been working in is too small for your growing company’s needs, the prospect of looking for commercial space can be overwhelming.

Landlords often require a personal or corporate lease guarantee, a separate document executed simultaneously with the lease, which makes the guarantor liable for the tenant’s defaults. Tenant Checklist for Commercial Leases by Margaret Lewis Meister Modrall, Sperling, Roehl, Harris & Sisk, P.A. A commercial lease is an important part of your business. Leasing terms: Up for negotiation August 17, 2015. This is crucial. Nine negotiable items to consider before signing a lease. Unexpected is-sues can lurk, sometimes silently, sometimes not.

Commercial leases are full of jargon and fine print that may trip you up down the road. Related. You can’t be too careful when signing a lease for space. This updated and improved checklist, now in its third edition, gives This tool is designed to provide key, easy-to-understand information about common terms or sections of a typical commercial lease. Spencer Compton If you represent a landlord, do not assume a “standard” commercial lease says everything it should say. Download Checklist. December 10, 1999 Identification of the Parties A tenant must confirm that the party with whom he is entering into a lease is the party who has the right to lease the real estate. Questions to Ask Before Signing a Commercial Lease .

Your responsibility as a potential tenant is to read it completely, understand what it says, and then ask for modifications that will favor you. Use these ideas to build your checklist for industrial leasing. The typical restaurant lease is 20 to 40 pages with provision after provision. Negotiating a Lease Guarantee: 6 Bottom-Line Issues — Checklist Included. If you’re ready to sign a lease because you’ve agreed on a monthly price, think again. The commercial leasing market is highly competitive, and landlords are always eager to secure high-quality tenants.

Commercial Real Estate Online. Have you negotiated the best deal possible and tenant-friendly lease terms? Remember that a real estate lease agreement is prepared by the landlord to favor the landlord. Negotiating a favorable lease places your business in the position to succeed. The landlord and guarantor have conflicting interests regarding the desired scope of the guarantee. If the location is a busy downtown sector full of thriving businesses, you may not have any wiggle room with a lease. You can add to the list of items based on your location and industrial buildings. Cover off on all these issues that are relevant and meaningful in your property types and overall lease negotiations.

December 27, 2018 . Commercial Lease Checklist for Small Businesses This Checklist is a tool created for small businesses to use when entering into a commercial lease as a tenant. Model Landlord’s Checklist of Silent Lease Issues (Third Edition) By Joshua Stein and S.H. The KEY to our Checklist: For each lease section or lease term we will have: Definition of key terms. Negotiating a Restaurant Lease Depending on the location of the restaurant space you want to rent, you may have quite a bit of room for negotiating your lease as well as your monthly rent payment. Articles, Leases.