Commercial leases are needed to rent a commercial building. However, leases and the clauses included in the leases can be complex and confusing. Before signing any contract, always meet with an attorney to review the clauses and be on the lookout for the following important ones.
What is the Space Being Used For?
Of course, most commercial leases require an explanation of what the building is going to be used for. This is because some limitations may be set.
Permission will most likely be needed if you are looking to change a retail store into a restaurant since it will require lots of renovations.
When the lease includes the terms “exclusive use”, it will list what the building is limited to turning into. Always read over this clause carefully.
If you plan on changing a retail area into a restaurant, you will most likely need permission to do so since … Read More