Many business owners sign commercial leases without truly understanding the lease and obligation terms. If you are currently leasing a commercial location, thinking about signing a commercial lease, or renewing your commercial lease, there are many things to consider and understand about the commercial leasing process. Timothy D. Ferris, Law Offices of Ferris & Selby, will guide you through understanding the basics of commercial leasing. Topics include: How to Determine Your Needs/Budget, Locating Suitable Premises, First Steps in Negotiation of Lease-Letter of Intent (LOI), Draft Lease/Essential Terms in a Lease, Net Lease versus Gross Lease, Monthly Rent and other costs, Insurance/Maintenance, Term/Extensions/Options, Other common and important terms, Termination, and Review of CAR standard commercial lease form.
