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Just Elementary, Inc. » Entries tagged with "Security Deposit"

Lease Expiring Soon, Want to Renegotiate Terms to get a Better Deal on the Renewal or Extension of Lease

Lease Expiring Soon, Want to Renegotiate Terms to get a Better Deal on the Renewal or Extension of Lease

Is the premises lease for your business expiring soon?  If so, you may be in the CatBird seat.  Consider yourself fortunate that you are in position to renew or extend your lease terms in a ‘down’ leasing market.  This means you may be able to accomplish one or more of the following things: Reduce your base lease rate Reduce your NNN/CAM charges Reduce or eliminate the Personal Guaranty liability Reduce or modify your security deposit Adjust premises maintenance responsibilities Improve Signage … Read entire article »

Filed under: Commercial Leasing, Negotiation, Renegotiation

Negotiating the Personal Guaranty Clause for Retail Commercial Leases

Negotiating the Personal Guaranty Clause for Retail Commercial Leases

What to do about a Personal Guaranty in a Retail Commercial Lease If you are attempting to lease a retail commercial space, one of the the numerous things to negotiate is the tricky subject of the personal guaranty.  It is tricky because property owners have justification for asking for a Personal Guaranty.  Naturally, a lessee (tenant) would prefer not offer a Personal Guaranty.  In this post, we’ll discuss some of the things that can be negotiated … Read entire article »

Filed under: Commercial Leasing, Negotiation