Many of the commercial leases have verbiage that is not very friendly to the renters. The leases are overwhelmingly protect the landlord to minimize a tenant breaking the lease.
You can consult a real estate attorney before signing an office lease or as most of our tenants do, they ask an AI algorithm to point our read flags from a tenant’s perspective.
Click this link to see what OpenAI/ChatGPT has to say about our lease.
Dos and Don’ts of Signing an Office Lease
- Do — Ask about the shortest lease you can sign and the longest lease you can sign
- Do — Ask about the penalty for breaking the lease.
Our Take on Commercial Leases
- We don’t rely on trapping tenants in long leases. We rely on treating them well. The shortest lease you can sign is for Six Months. Many of our tenants are month-to-month after the initial term is over.
- We understand businesses can fail. We do not harass business owners with personal guarantees.
- We want your business to succeed. We usually go beyond what is in the lease to support our tenants — this includes providing grace periods, adjustment with temporary cash-flows, referring job or project leads, introducing to bankers or investors, proving referral letters, assisting with inspections, compliance, and educating with best practices of small businesses. We protect our tenants’ privacy, protect their documents with Firewalls and Virus Protections. We help with their marketing and brand exposure