More and more small businesses are springing up. The businesses usually need to lease space. Existing businesses need to continue leasing. Commercial tenants are at a huge disadvantage and are at the Landlord’s mercy if the Tenants do not know their rights and options in negotiating a new lease or the terms of a lease extension.

Critical considerations in entering a lease include the following:

• Budgeting for professional services, CPA and attorney
• Selection of the business entity
• Personally guaranteeing the lease
• Term of the lease
• The real additional costs for common area expenses
• Option to Renew the lease term
• Rent amount for the lease term
• Early termination of the lease
• Selling your business with continuing lease terms