Mastering Lease Negotiation for Your TENANTS! 

Lease negotiations can be tricky, but with the right strategies, you can secure a deal that benefits your tenants long-term. Here are some essential tips to keep in mind:

Eliminate or Modify the Non-Assignability Clause: Make sure you can assign the lease to a partner or a potential buyer of your business. This flexibility can be crucial if you decide to sell or bring in new partners.

Broaden the Use Clause: Keep the terms of how you operate your business as flexible as possible. A broad use clause allows you to add or remove products and services, giving you room to evolve and grow.

Opt for Shorter Lease Terms with More Option Periods: Reduce your long-term liability while still maintaining the ability to stay long-term if you choose. Shorter leases with renewal options give you the best of both worlds.

Secure as Many Options as Possible with the Longest Terms: Having multiple renewal options protects you from rising rents and can even add value if you decide to sublease. The more control you have, the better!

💡 Negotiating a lease is about securing flexibility and protection for your business. Make sure to cover these bases to set yourself up for success!