Did you know?
Your Commercial Lease could state the Landlord can move your business or make changes to your Leased Premises whenever he chooses and without compensating you:
Excerpt from a clients Lease before I negotiate a substantial change in this clause:
"Landlord shall have the right, at its sole discretion, and without any obligation whatsoever to Tenant, to make any changes with respect to the Shopping Centre, including the right to relocate the Leased Premises or any portion thereof to another area of the Shopping Centre, and to the extent found necessary or desirable by Landlord at any such time during the term hereof, provided that the Leased Premises, as affected by such change, shall be substantially or close to the same size as defined herein. "
Concern: The Landlord has the right (whenever it pleases) to change, modify, increase, decrease or reconstruct your Premises or move you as many times as he so desires, and without compensating you.
Solution: You need to ensure that you address and negotitate this issue PRIOR to signing your OFFER TO LEASE.
As usual, please do not hesitate should you have any questions.
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