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Making a Restaurant Lease
If you have found the perfect location for your restaurant and are ready to seal the deal with the landlord, then a Restaurant Lease is the right document for you. Creating a Restaurant Lease will help you avoid any future complications that may arise by managing expectations and detailing responsibilities concerning the property.
Restaurant leases are useful if you own commercial property that will be leased to a tenant to operate a restaurant or want to lease commercial rental property for use as a restaurant from a landlord who does not have a lease form.
Restaurant leases are important because they clearly outline tenant and landlord responsibilities. They typically cover details such as the beginning and end dates of the lease, when payment will be due, and insurance coverage.
Leasing a restaurant can range anywhere from $3,000 to over $10,000 depending on the size of the space and the surrounding area.
Commercial leases should include the following information:
The answer depends on your state and the length of your lease. For example, some states require a notary for a commercial lease that is 3 years or longer. Typically, states will only require that the landlord and tenant sign the lease.