A commercial lease is one of the most important, and sometimes scary, documents a new business owner will ever sign. They involve complex terms, financial risk, and obligations you may have never seen before. The first commercial lease my company ever signed was for a total value of $2.5 million dollars over five years. At the time, it scared me to death.
With careful planning, however, a commercial lease can be a tremendous asset to your business, and as always, speaking to a qualified property lawyer is always a good idea.
Here’s a few things to watch out for:
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