Articles Comments

Just Elementary, Inc. » Entries tagged with "Permitted Use Clause"

The initial terms to negotiate with a landlord for a retail business lease

July 31st, 2012 | Comments Off on The initial terms to negotiate with a landlord for a retail business lease

The initial terms to negotiate with a landlord for a retail business lease

Already found a suitable location for your business?  Then, the next step is Negotiating a Lease for your Business?  Here are Five basic terms to start with.  But remember that there is plenty more to negotiate after you have reached an understanding on the following four points: The Base Rate The Lease Indexing The Length of the Lease Number of Option Terms Personal Guaranty Terms Starting with the Base Rate is the most common lease term to negotiate.  It is important … Read entire article »

Filed under: Commercial Leasing

Lease Expiring Soon, Want to Renegotiate Terms to get a Better Deal on the Renewal or Extension of Lease

November 29th, 2011 | Comments Off on Lease Expiring Soon, Want to Renegotiate Terms to get a Better Deal on the Renewal or Extension of Lease

Lease Expiring Soon, Want to Renegotiate Terms to get a Better Deal on the Renewal or Extension of Lease

Is the premises lease for your business expiring soon?  If so, you may be in the CatBird seat.  Consider yourself fortunate that you are in position to renew or extend your lease terms in a ‘down’ leasing market.  This means you may be able to accomplish one or more of the following things: Reduce your base lease rate Reduce your NNN/CAM charges Reduce or eliminate the Personal Guaranty liability Reduce or modify your security deposit Adjust premises maintenance responsibilities Improve Signage … Read entire article »

Filed under: Commercial Leasing, Negotiation, Renegotiation

Negotiating Lease Permitted Use Clauses

August 29th, 2011 | 1 Comment

Negotiating Lease Permitted Use Clauses

In a retail commercial lease, an often overlooked part of negotiating the retail lease terms is the Permitted Use clause. What are some elements of a Permitted Use Clause? Exclusive Permitted Use Keeping competitive businesses out of the retail center that you are in is important, so you want to have specific and hopefully, exclusive use rights for the shopping center. What this means is you want to negotiate as specific of an exclusive use clause as you can … Read entire article »

Filed under: Commercial Leasing