Accepting a landlord's standard lease would be imprudent, not to mention vastly inconvenient in the long-run. Though the existing terms may be negotiated, introduce new stipulations that can benefit your business and commercial real estate ventures. For example, a lessee may insist on an exclusive clause. Here, if the lease is retail-related, the landlord would be required to limit competition within a specific area of the property.
Other terms may include premise boundaries, with regard to what the lessee is/isn't allowed to use on the commercial property. Detailed descriptions of this essence may eliminate future disputes about entitlement of space. Furthermore, add security provisions: how the property is secured and by whom.
As a lessee, try to alter as many stipulations as possible. Be adamant with regard to repairs/maintenance. Add lessee rights to cancel a lease, renew one, or even have an option to obtain additional space if necessary to the business. Every possible cost, in any situation (regardless of likeliness to occur), should be discussed.
Also, scrutinize the security deposit to avoid unreasonable payment.
|