Commercial Real Estate ·
7 min
Commercial lease clauses worth negotiating
Elena Morrow
Founding Partner
Repairs, assignment and the personal guarantee: three clauses small businesses sign without a second look, and how to ask for better terms.
Landlords’ standard leases are drafted for landlords. Three clauses are worth a conversation.
Repairs and maintenance
Know who fixes the roof, the HVAC and the plumbing, and how quickly.
Assignment and subletting
If you sell your business, can the buyer take over the lease?
The personal guarantee
Ask for a cap, or for the guarantee to fall away after a period of on-time payments.
This article is general information, not legal advice for your situation.
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