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HOW IT WORKS
How it works
When a new boutique, salon or cafe wants to move into your commercial space, you'll need to sign a Retail Space Lease before you start collecting rent. Maybe it's your first time as a landlord leasing retail space. Or maybe you're opening your first shop. Make sure you take care of the landlord-tenant details before the grand opening. A Retail Space Lease is the place to outline the terms.
When you're a landlord with commercial space, you need to choose your tenants carefully. Using a Retail Space Lease can help you help your tenant succeed. After all, it's in your interest for the new venture to succeed, so you won't have to worry about leasing the space again anytime soon. And if you're the retailer, you want to make sure your needs are taken care of. Is there faulty wiring where you're going to hang the chandelier? Do you want to ask permission to paint your new perfume store pink? You may need to negotiate. Whether you're the landlord or the tenant, you don't want to rush this part of the process. Make sure you're both happy with the arrangement. A Retail Space Lease can help cement a great relationship.
Other names for this document: Retail Lease, Retail Space Lease Agreement
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