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The success of your franchise could hinge on a commercial lease

On Behalf of | Nov 7, 2017 | Commercial Real Estate |

More than likely, one of the reasons that you chose to purchase a franchise was because much of the legwork needed to make your new business a success was already done. Even so, it will be up to you to make your particular franchise here in California a success. One of the crucial details that may not get enough attention is the negotiation and terms of the commercial lease for the location.

Whether you end up leasing space in a freestanding structure or a shopping center, you want the best terms possible. This requires a careful review of the letter of intent and the proposed lease. The two should match with regard to their terms. Any discrepancies need to be handled before you sign on the dotted line. Furthermore, you may not be entirely happy with the terms of the lease, so negotiation may be necessary to improve your position.

You would more than likely benefit from understanding the role that your lease plays in the future success of your franchise. For instance, many franchise owners fail to recognize that one of the crucial details for any franchise is the protection of the brand name. Too many franchisees discover too late that their lease terms could be part of the reason that their business venture is not succeeding in the way it should.

Fortunately, you do not have to be one of them. You do not have to handle the review, negotiation and execution of your commercial lease alone. A California real estate attorney who deals not only with commercial property issues, but also with the needs of franchisees, could prove invaluable in giving your new venture the best possible chance of success.