Article 9: Take a Look at Your Lease

This article is helpful for any of you who are thinking or either starting your own business or purchasing an existing one, or if you currently own a business that operates out of leased premises. Very helpful.

If your business is not location-sensitive, that is, if your business location is immaterial to its success, then the following may not be important. However, lease information is usually helpful no matter what the situation. The business owner whose business is very dependent on its current location should certaily read on.

If your business is location-sensitive, which is almost always true for a restaurant, a retail operation, or, in fact, any business that depends on customers finding you (or coming upon you, as is often the case with a well-located gift shop) - the lease is critical. It may be too late if you already have executed it, but the following might be helpful for your next lease negotiation.

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