Give Heed to Five Commonly Overlooked Lease Clauses
Understanding the terms of a lease you’re negotiating can be overwhelming, especially if it’s the first time you’re renting commercial space. It’s important to focus on carving out your rights for basic lease terms, but don’t forget to address commonly overlooked lease clauses. An oversight in clearly defining certain terms, or forgetting to address others, although small, could create big trouble later. Don’t leave any loopholes that will give the owner an advantage that you didn’t bargain for.