Personal Guarantee in a Commercial Lease: Risks Explained
You formed an LLC or corporation to protect your personal assets. Then your landlord slides a commercial lease across the table, and buried in the back is a...
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You formed an LLC or corporation to protect your personal assets. Then your landlord slides a commercial lease across the table, and buried in the back is a...
When you lease commercial space, the raw square footage is only the beginning. An empty shell needs walls, flooring, lighting, and plumbing before your business can open its...
Imagine you are buying a commercial building. The seller tells you the tenants pay a combined $25,000 a month and that all leases run for five more years....
Signing a commercial lease is one of the biggest financial decisions a business owner will make. The rent, the term, and the fine print will shape your costs...
Walk through any shopping mall and you are surrounded by percentage leases. That clothing store, the coffee kiosk, the shoe retailer: most of them pay their landlord a...
When you sign a multi-year commercial lease, the starting rent is only your first-year rent. Nearly every commercial lease includes an escalation clause: a provision that increases what...
The monthly rent on a commercial lease quote is only half the story. The other half is who pays for everything around the rent: property taxes, building insurance,...
For many small businesses, the equipment question arrives before the revenue does. A bakery needs a commercial oven. A contractor needs a truck. A dental practice needs chairs...
When a car lease ends, the driver faces a decision that can save or cost thousands of dollars. Return the car and walk away, buy it, trade it...
Life rarely follows the schedule of a lease. A job relocation, a breakup, a family emergency, or a new opportunity in another city can make finishing out a...