Modern Business Magazine February 2016 | Page 19

REAL ESTATE A s a commercial tenant, you will want to prepare yourself for lease negotiations with a commercial landlord or their real estate agent. Educated business owners must ask plenty of questions in regards to leasing a preferred location; doing so better assures these businesses will achieve their maximum potential and will not be taken advantage of. When viewing possible commercial sites for lease, exercise caution for maximum dividends, or don’t hesitate to ask a professional Lease Consultant for help. It’s also important that you understand your rights and obligations in relation to the lease in order to deal with any disputes that may arise, and to know who to contact for help. Together with legal and financial advice, you should also seek business and property advice in order to ensure the lease is based on sound business and property principles. Following are a few questions that all tenants must ask during the negotiating process. In doing so, you will better protect yourself, your interests and your investment. February 2016 ModernBusiness 19