1. If you are dealing with a company, get a personal guarantee in addition to the commercial lease.
2. Consider an attorneys’ fee provision. If you think you are more likely to sue then be sued, an attorneys’ fee provision can help you recover the litigation costs.
3. Clearly identify common area charges. It is even a good idea to consider putting in a dispute mechanism for dealing with common area charge disputes.
4. Do your due diligence on the tenant. Make sure the tenant has a business that can support the lease obligations.
5. Consider establishing rules and regulations as part of the lease. Do you want the tenant to be open certain hours? Do you want the tenant to not do certain things.
It is always best to establish everything upfront before any problem can arise.
For help with all of your commercial leasing needs, contact us at 310-954-1877, www.schorr-law.com, info@schorr-law.com
