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Leasing a Storefront
Whjile many businesses can
be successfully run out of your home, there are many instances where it
can be a hinderance. If you are a hairdresser, it might be hard to find
clientelle for your home business, unless you already have a list of clients
who would follow you from the salon you are currently working at. If you
are a business that thrives on walk-by traffic, your business would be
much more successful working out of a storefront setting as opposed to
yourhome.
When you lease a space for
your business, there are many factors that come into play. Signing a lease
will commit you to a certain number of months/years in that space. If
you close-up shop, you are still responsible for the monthly lease rate.
If you are unsure of the success of your business, be sure there is a
clause specifying you can release it out in that event.
Does the space need extensive
renovations? You would usually be responsible for any modifications ~
and you may be responsible for returning it to the original state once
your lease expires. If you anticipate costly renovations, it might be
wise to look at other properties where the need for renovations is not
as extensive.
Before you sign the final contract,
you should take it to a lawyer familiar with leasing contracts. He or
she will be able to review the contract for you and alert you to any suspect
clauses or offer advice for suggested changes before you sign it.
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