Negotiating your commercial lease? 🏢 Don't underestimate the power of the "Use Clause." It's not just another clause – it's your ticket to flexibility and growth. 🌱
🔍 From the tenant's perspective, aim for a broad and inclusive Use Clause. 🛍️ But landlords often prefer a narrow one. Let's break it down with an example:
🔒 Pro-Landlord Lease Clause: "For a nail salon and for no other purpose."
✨ Tenant-Friendly Clause: "For a nail, health, wellness, and beauty facility, including the sale of clothing, health and beauty products, and more, provided it doesn't exceed 10% of gross sales, bottled drinks, and prepackaged food products."
🔄 Clearly, the latter version is a win for the tenant, allowing more flexibility if your business needs to evolve.
In the commercial leasing world, securing the right space under the right Use Clause is the key to success. 💼 Never sign a lease without a broad Use Clause – your business's future depends on it!
#CommercialLease #BusinessGrowth #UseClauseTips 📈
