Modern Restaurant Management
Tenants should always have a lease in writing, and depending on the state in which the premises lies, other requirements may affect the validity of your lease. Aside from state-specific requirements and essential terms (parties, monetary obligations, premises and length of the term) needed to validate your lease, restaurant tenants must also be wary of landlord-friendly leases.
One big mistake tenants make is signing a lease without understanding the obligations and consequences provided within the lease. Paying close attention to specific obligations and negotiating tenant-friendly terms is imperative prior to executing a lease.. . . more