Before your sign your first commercial lease, do some homework.

by Nicole Fallon, Business News Daily

Signing a commercial lease is one of the biggest steps in a business owner’s entrepreneurial journey. Whether you need a retail space to serve as a storefront or you just want a permanent, professional location to conduct business, a real estate lease can make or break your company, so it’s crucial to get it right the first time around.

“With a commercial property that will house your business assets and employees, there is a lot at stake,” said Robert Bressman, a director of the real estate practice at law firm Goulston & Storrs. “Leases are long-term, with more variables and more complexity. A lease is a liability but can also be an asset.”

If you’ve never negotiated a commercial lease, the process can seem intimidating and overwhelming. Bressman offered a few tips to help first-time lessees through this important business transaction.

Read the whole story at Business News Daily

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