Posted On Aug 09, 2016
In an article published in the July 25 edition of GSA Business Report, Taylor Speer provides guidance to business tenants that are entering into a new business lease. The article details five lease terms individuals should negotiate, including not signing a personal guaranty, not waiving claims against the landlord, watching out for attorneys’ fees provisions, preparing for the future and building a team of trusted advisors. Speer emphasizes, “businesses should negotiate the terms of the lease upfront so that they are not left high and dry if the relationship with the landlord sours…and remember: everything is negotiable. A business won’t know what can be added or omitted from a commercial lease until it’s negotiated.” The full article may be found in the July 25 print edition of GSA Business Report.