Small business owners are the backbone of our economy. They are the entrepreneurs who solve important problems through their service. It is always exciting when a startup business grows, and the business requires a new space to continue the growth.
A small business owner considering signing a commercial lease should take great care in understanding the implications of each section. Commercial leases are different from residential leases. Residential leases are usually very simple, contain standard form language and are subject to consumer protection laws. Commercial leases are far more complex and require a great deal of analysis to understand the implications to the tenant.
Here are just three of the most common sections pertaining to commercial leases that small businesses should understand:
