Getting Into Bed With Your Landlord: Signing A Commercial Lease

Your business is growing, congrats! Now comes the part where you find your business a home. But just because you’ve fallen in love with the street or the space, doesn’t mean that it’s the right location for you.

In this week’s episode of We All Have One, Corri sheds light on all the details you need to iron out before you ever sign a commercial lease. Take it from Corri, after being sued by a slumlord, she knows a thing or two about asking the right questions of your new landlord BEFORE you move in.

Corri discusses how to find a location that fits your target demographic, short term lease options, hiring an attorney to help you negotiate, and the difference between single, double, and triple net leases. If you’re thinking about securing your first business location, you’ll want to tune in to this episode and learn from an industry vet.

• [02:32] – Why you need to know your stuff before committing to a lease
• [04:05] – How to find that perfect location for your business
• [10:07] – Why a pop-up or a short-term lease is a great way to test the market
• [14:07] – Corri talks about why you need an attorney to work with a landlord
• [17:39] – Corri breaks down the different types of lease options
• [23:52] – Corri explains what essentials you need outlined in your lease
• [27:53] – Tips for negotiating your lease
• [29:34] – Red flags within the lease to look out for
• [32:28] – Why you need to do a legal lawsuit search
• [32:52] – Corri talks about the worst landlord situation she’s ever had
• [40:07 ] – Talk to other business owners to get the neighborhood rundown

Your host Corri McFadden is recovering business owner, industry pioneer, and mama blogger who has seen it ALL along the way and let’s just say she’s not afraid to share what she’s learned, both experiences to mistakes. You can find her on Instagram, Pinterest or Glitter and Bubbles.

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This podcast episode was produced by Dante32.