Help walk us through signing a commercial lease.
September 27, 2010 10:10 AM Subscribe
What are some important things you should know before signing a lease on a commercial space? New building, storefront, Brooklyn. Help us get as not-screwed as possible.
posted by soma lkzx to work & money (8 answers total) 2 users marked this as a favorite
We're an educational organization that hosts a metric ton of different classes in Brooklyn. What do we need to keep an eye out for?
We have a preliminary meeting today with the building owners. It's a storefront space in a new building in an up-and-coming area, and the space is still being built out. We do have a broker.
There's just a ton of stuff going into this. Things like insurance, rent increases, buildout requests, utilities, building maintenance and a hundred other things. While we think we're decently prepared, talk to us like we're rather bright children.
And don't worry, we aren't going to go through this without a lawyer. The process happened more quickly than we thought, so we don't have one yet - feel free to make recommendations (we're in Brooklyn).
On a side note - anything useful but easily missed that we should include in the buildout? We'd be working with them on that.