Leasing a retail space is often the largest expense for a small business. And if you agree to suboptimal terms, your lease could put you out of business. Here is what entrepreneurs should know to protect themselves before leasing commercial property. When you lease a commercial property, first you have to understand the differences between Commercial and Residential properties. Business tenants have fewer protections, but more flexibility to negotiate terms.
However, SMAG will follow up and advise on all legal issues, so you will have more power to negotiate any lease terms that suit your specific retail business needs.