How does a business owner make sure the lease meets his needs as well?
Most leases are dramatically lopsided to the landlord’s advantage and many business tenants will sign them with little modification. This is not malicious on the part of the landlord. They are simply protecting their interests, which is the responsibility of each party. The tenant needs an experienced commercial leasing professional to make sure his interests are protected. Landlords will gladly make concessions if they are requested, but not if they aren’t. A note of caution: Commercial brokers are not attorneys and should not draft contracts or amend them. So why use a commercial tenant broker? Because an experienced commercial tenant broker, also known as a tenant representative, can negotiate 90% o the contract before it goes to a commercial leasing attorney for review and editing of the legal language. An experienced commercial attorney can easily charge over $200 per hour but a commercial tenant broker’s services are free to the tenant. What’s your experience with business owners
