Just Elementary, Inc. » Entries tagged with "Retail Lease"
What to Negotiate in your Commercial Lease BEFORE you open your business
The success of a business depends on many factors, including the terms of the premises lease. This post is a discussion of seven of the many important items to negotiate in a business lease before signing it and opening the doors for your business. The Lease Rate Below Fair Market Lease Rate If you are able to negotiate a below fair market lease rate then you are in good shape, as it gives you a great leg up … Read entire article »
Filed under: Commercial Leasing, Negotiation
Capital Expenditures Costs and Timing to signing a Retail Lease for a New Business
Negotiating a new lease for a new location and trying to figure how long it will take to get your doors open for business? There is a lot to consider when it comes to timing and budgeting, and here are a few of them: ● Working Capital ● Security Deposit and First Month’s Rent ● Tenant Improvement Costs & Carrying Costs ● Municipal, County & State Permits ● Opening Inventory/Supplies ● Payroll Budgeting Working Capital Needed to Start a Business Working Capital is a key … Read entire article »
Filed under: Business Tips, Commercial Leasing
Negotiating the Personal Guaranty Clause for Retail Commercial Leases
What to do about a Personal Guaranty in a Retail Commercial Lease If you are attempting to lease a retail commercial space, one of the the numerous things to negotiate is the tricky subject of the personal guaranty. It is tricky because property owners have justification for asking for a Personal Guaranty. Naturally, a lessee (tenant) would prefer not offer a Personal Guaranty. In this post, we’ll discuss some of the things that can be negotiated … Read entire article »
Filed under: Commercial Leasing, Negotiation
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
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