Renting commercial space is a big responsibility -- the success or failure of your business may ride on certain terms of the lease. Whether you need an office, retail, or industrial building for your business, commercial properties have their own unique issues. A proper lease ensures you are able to run and grow your business effectively without unreasonable restrictions or interruptions from the property owner. A well-negotiated (and drafted) commercial lease may also help avoid litigation – or at least put you in the best position.
3:54 Requirements to properly exercise lease options.
5:04 Personal guarantee.
7:33 Know the land space you're allowed to use.
9:45 Fixtures, improvements and equipment.
11:10 Specifying fixtures.
12:53 Improvements may need to be restored.
17:48 Relocation possibilities, hour provisions.
23:08 Indemnification clauses.
25:36 Business interruption coverage.
27:03 Defaults.