I met with someone once, who was beside herself that her attorney, one of the best, she claimed, couldn’t fix [...]
Believe it or not, this happens ALL. THE. TIME. It seems crazy, doesn’t it? That someone would start a business [...]
Commercial leases are very different from residential leases. They are typically set up so tenants cover things like insurance, property taxes, and maintenance. This structure is called a triple net lease. The tenant’s ability to negotiate can be somewhat difficult because landlords often want to offer their tenants the same rates. However, the market may help tenants negotiate more favorable terms if the space in question is not highly sought after. If that’s the case, a tenant could ask for more build out money or more parking spaces or even less base rent. Additionally, if a landlord has a need to fill a spot quickly, that can be a time to try to negotiate your best deal.
Without a doubt, 2020 has drawn attention to an obvious lack of opportunity for minority populations, an inequality in our society that’s become so obvious that it can no longer be ignored. Some of these long-standing problems were exacerbated by COVID-19, but now business owners have a fantastic opportunity to use their businesses to help in some small (or, large) way.