Control Your Commercial Lease

These areas will help you master the art of commercial leasing.

(PRWEB) June 22, 2004 -- When you get serious about an available business space, chances are you'll be presented with a typed or printed commercial lease prepared by the landlord or the landlord's lawyer. As you read the lease, keep these points in mind:

Rule 1: Understand that the terms almost always favor the landlord.

Rule 2: Know that with a little effort you can almost always negotiate significant improvements to the terms.

In theory, all terms of a lease are negotiable. But your negotiating power depends on whether your local rental market is hot or cold. If plenty of commercial space is available, you can probably win many landlord concessions. If your area's rental market is tight or you are chasing a unique space, you'll have considerably less leverage.

Either way, look for these danger areas: Length of lease, rent and rent increases, options for more space, tenant improvements, and sublease and assignments.

Make sure a business broker and attorney review your lease. This will minimize your headaches and make your lease favorable. Happy hunting!

Dr. Al Johnson is the coordinator of a business group that teaches people how to easily attract wealth and reach their goals. The group only attract individuals who are 100% committed to managing their energy of thoughts, feelings, words, and actions to explode their business and income. Additionally, Dr. Johnson is a managing partner of Maximum Reimbursement, a practice management company. He may be reached at 305-761-7643.

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