Butte College SBDCServing Butte, Glenn & Tehama Counties

The Basics of Commercial Leasing

The Basics of Commercial Leasing

Tuesday, June 9, 2020 9:00am to 10:00am
FREE

Business owners sign commercial leases without truly understanding the lease and obligation terms. If you are currently leasing a commercial location, thinking about signing a commercial lease, or renewing your commercial lease, there are many things to consider and understand about the commercial leasing process. Timothy D. Ferris, Law Offices of Ferris & Selby, will guide you through understanding the basics of commercial leasing.

Topics include:

  • How to Determine Your Needs/Budget
  • Locating Suitable Premises
  • First Steps in Negotiation of Lease -Letter of Intent (LOI)
  • Draft Lease/Essential Terms in a Lease
  • Net Lease versus Gross Lease
  • Monthly Rent and other costs
  • Insurance/Maintenance
  • Term/Extensions/Options
  • other common and important terms
  • Termination
  • Review of CAR standard commercial lease form
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Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA or HSU Sponsored Programs Foundation.