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Commercial Leases: Negotiate the Best Terms
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Tenant Improvements
If you'll need lots of improvements to the space, you may want to use the lion's share of your bargaining power to have the landlord provide them at no cost to you. If you're willing to sign a long-term lease, the landlord will be more willing to pay for improvements to the property.
Subleases and Assignments
Ask for the right to sublease or assign your space. That way, if you need to move out, you'll be able to have another tenant take your space and pay the rent, without having to break the lease. Or, if you rent enough space to grow into, you can sublease some of the space until you're ready to use it.
For a checklist of critical lease terms to watch out for, see Understanding Commercial Leases.
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