As a business owner, you understand that Orange County real estate is a competitive market. There are new construction projects happening around the clock, and the city always seems to be building.
You may believe that since your lease outlines all of the rights and responsibilities of the parties, that everything will be smooth sailing. After all, you spent a significant amount of time negotiating it, so everyone should live up to his or her obligations. Sadly, that is not always the case whether here in Orange County or elsewhere. A commercial tenant and a landlord do not always get along.
Developers here in California and across the country have known for some time that they need to change their tactics when it comes to retail developments. Malls and shopping centers are no longer the retail meccas they once were. Thanks to online shopping, these establishments must adapt or risk completely losing their relevance.
California small business owners know how difficult it can be to find the right space from which to operate a company. Finding the right place at a price that works for the budget may tempt a business owner to move forward as quickly as possible, but it is prudent to be careful and cautious regarding the terms of a commercial lease. It is beneficial to first understand the different types of commercial leases before signing.