📺 Stream EntrepreneurTV for Free 📺

Business Lease Checklist After you've chosen a site for your business, don't sign any lease without first going over this checklist.

entrepreneur daily

Before you sign on the dotted line, make sure you are aware of all aspects of your new location. This checklist will help.

Is there sufficient electrical power?

Are there enough electrical outlets?

Are there enough parking spaces for customers and employees?

Is there sufficient lighting? Heating? Air conditioning?

Do you know how large a sign and what type you can erect?

Will your city"s building and zoning departments allow your business to operate in the facility?

Will the landlord allow the alterations that you deem necessary?

Must you pay for returning the building to its original condition when you move?

Is there any indication of roof leaks? (A heavy rain could damage goods.)

Is the cost of burglary insurance high in the area? (This varies tremedously.)

Can you secure the building at a low cost against the threat of burglary?

Will the health department approve your business at this location?

Will the fire department approve your business at this location?

Is your shipping area easily accessible to large trucks?

Have you included a written description of the property?

Have you attached drawings of the property to the lease document?

Do you have written guidelines for renewal terms?

Do you know when your lease payment begins?

Is your shipping area easily accessible to large trucks?

Have you bargained for one to three months free rent?

Do you know your date of possession?

Have you listed the owner"s responsibility for improvements?

Do you pay the taxes?

Do you pay the insurance?

Do you pay the maintenance fees?

Do you pay the utilities?

Do you pay the sewerage fees?

Have you asked your landlord for a cap of 5 percent on your rent increases?

Have you included penalty clauses in case the project is late and you are denied occupancy?

Have you retained the right to obtain your own bids for signage?

Can you leave if the center is never more than 70 percent leased?

Has a real estate attorney reviewed your contract?

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Ring Camera Owners Will Receive $5.6 Million in Payments After FTC-Amazon Settlement. Here's How Many Customers Are Eligible — And How They'll Get the Cash.

The payouts are a result of a June 2023 settlement with Amazon over privacy violation allegations against the camera company.

Business Ideas

Clinton Sparks Podcast: Shaquille O'Neal's Journey from NBA Superstar to Entrepreneur

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.

Starting a Business

Clinton Sparks Podcast: Offset's Journey From Hip-Hop to High Fashion and Entrepreneurship Success

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.

Side Hustle

3 Secrets to Starting a Small Business Side Hustle That Gives Your Day Job a Run for Its Money, According to People Who Did Just That — and Made Millions

Almost anyone can start a side hustle — but only those ready to level up can use it to out-earn their 9-5s.

Business News

Jeff Bezos and Amazon Execs Used An Encrypted Messaging App to Talk About 'Sensitive Business Matters,' FTC Alleges

The FTC's filing claims Bezos and other execs used a disappearing message feature even after Amazon knew it was being investigated.

Real Estate

Is It More Profitable to Buy a Single-Family or Multi-Unit Property? Here's What Beginner Real Estate Investors Need to Know.

Making the most profitable decision means having a clear eye towards risk tolerance, time availability and management training enthusiasm, among other factors.