Lease Agreements: Protecting Your Downside
Author: Kerry Boyle
In an article published on Nov. 1, 2017 by Modern Restaurant Management, Kerry Boyle discusses what restaurateurs should know when negotiating a commercial lease prior to opening and running a restaurant. Boyle emphasizes the importance of analyzing the full lease, reminding owners and operators, “You must wade through the lease to be confident it protects you from undue competition and reduces risks that accompany a decision to close.” Boyle adds, “Your lawyer may not be an expert on operating a restaurant, but he or she knows all about risks. Don’t sign without first seeing if your lawyer can help negotiate the downside.”
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