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How To Improve A Lease
Business Formation Tips

HELLER'S LEASING TIPS

By Stu Heller

  1. LIMITING YOUR DAMAGES IF YOU DEFAULT - KEY THINGS TO KNOW
  2. CAN A LANDLORD BE ARBITRARY WHEN A TENANT SEEKS ITS APPROVAL?
  3. CLEAR DESCRIPTIONS AND DRAWINGS AVOID CONFLICT AND SPEED OPENING
  4. HOW TO KEEP THE LANDLORD FROM KEEPING SECRETS
  5. LETTER OF INTENT CAN RESULT IN BIG SAVINGS
  6. I'M LEASING THE SPACE NOT BUYING THE PROPERTY, SO WHY CHECK ITS TITLE?

CLEAR DESCRIPTIONS AND DRAWINGS AVOID CONFLICT AND SPEED OPENING

Want to structure your lease to speed your opening and avoid conflict with your landlord? Make sure the lease clearly describes the space you are renting. Attaching a drawing with dimensions is an excellent way to do this. This or another drawing should show the location of the space within the building and development that contains it; the parking areas available for the exclusive or non exclusive use of your customers, venders, and employees; and any other areas of importance (e.g. storage areas, trash and recycle container locations, loading docks, and the like). If you can, get the landlord to pre-approve and then attach additional drawings showing the signs you plan to use, and tenant improvements that are to be made to the leased space. A legal description of the premises or the building in which it is located is also important, as the lease may be unenforceable without it. In addition, clarify which areas are included in your premises for your use and for rent calculation purposes, such as hallways, bathrooms, and mechanical areas, and which areas are "common areas" for use by all tenants. Putting all of this in your lease can greatly reduce the chances of future conflicts and misunderstandings between you and your landlord. It will also help you better estimate and budget for your startup expenses.

"For Professional Help With Your Lease"

With over 20 years experience Stu Heller helps his clients make smarter leasing deals. His new look website is at www.theleasinglawyer.com. He can be reached at 206-623-0579, fax 206-682-7972, heller@theleasinglawyer.com and hellerlaw@aol.com. Contact him for a free initial consultation or to get his Leasing Tips emailed to you. Be sure to consult your lawyer before applying any of the above to a particular situation.

©2000-2006, Stuart A. Heller

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