Questions To Ask Before Signing A Commercial Lease
When you sign a commercial lease, it will be harder for you to make any changes to the deal. This is the reason why it is very important that you read and understand the terms of the lease. Having a Commercial Sale Lawyer Boca Raton to look over it for you is important. They can check if the lease sounds dubious or could be a problem in the future. Ask yourself the following questions before signing a lease:
- Have you read and understood the entire lease? Even if the landlord drew up the lease, don't assume that he/she got everything right. Check the start date, end date, rent, rent escalation terms, and any other special terms you've negotiated for.
- Have you negotiated the best deal possible? Make a list of all the provisions you don't like as you're reading the lease. Send the list to your potential landlord.
- Is the lease assignable? Check to see if the landlord has the right to terminate your lease in the event that you ask for an assignment—the right to have someone else to take on the lease if you sell your business.