The BIGGEST mistake that a business will make is not preparing a way out of the lease in case of unforeseen circumstances. Leases often restrict a Tenant’s ability to assign or sublease the space.
- What if YOU, as the principal service provider are no longer able to perform?
- Will you still be required to operate, or pay rent?
- Are you thinking about retiring, and selling your practice?
- Does your lease allow you to sell the business?
Becoming familiar with popular modifications will help you during the negotiation process. Think about every circumstance that would prevent you from performing your obligations under the lease. Knowledge is power – let us help!