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Know the terms of a lease agreement:
- Understand costs beyond rent, including maintenance, repairs, utilities and how your use will be measured.
- Be sure to read your lease in detail and hire an attorney who specializes in commercial real estate to explain the clauses and fine print.
- Protect your long-term business interests by investigating and negotiating some potential add-on clauses to your lease, which might include sublease, exclusivity and co-tenancy.
- Know what happens if you default on lease payments and try to negotiate lease terms that allow you to take measures before you are locked out.
Source: U.S. Small Business Administration
Posted: Sunday, February 16, 2014 4:30 am
RALEIGH, N.C. — When Zydeco Downtown closed here last month, Antwan Harris didn’t just lose his business; he also lost a lot of money.
For nine years, Harris, a Raleigh native and two-time Super Bowl winner who played in the NFL from 2000 to 2005, served Cajun- and southern-style food at lunch, as well as drinks at night.
Or, use your
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Sunday, February 16, 2014 4:30 am.