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Dale Willerton - Negotiating Commercial Leases & Renewals For Dummies

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Dale Willerton Negotiating Commercial Leases & Renewals For Dummies

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Negotiate commercial leases and renewals like a pro

Renting space for businesses and navigating a commercial lease can be a daunting task for those without expertise, as errors or oversights can cost thousands of dollars. Thankfully, Negotiating Commercial Leases & Renewals For Dummies takes the mystery out of the commercial leasing process and offers expert tips and advice to help small business owners successfully negotiate their leases???without losing their cool, or their cash.

From one of the industrys most respected and experienced consultants, Negotiating Commercial Leases & Renewals For Dummies provides tenants with tips and advice on finding the best location and amenities for a business; understanding space needs and maximizing lease space; ensuring fair operating costs and keeping rent fees at a manageable level; minimizing the deposit requirement; mastering and executing negotiation strategies and tactics; and much more.

  • Discover the rights and responsibilities associated with commercial leases
  • Find out how much negotiability and flexibility you can expect in commercial leases and renewals
  • Get to know which laws protect you and your business
  • Negotiating Commercial Leases For Dummies is essential reading for the more than 10 million business owners, entrepreneurs, retailers, restaurants, doctors, and franchise tenants who lease commercial, office, and retail space across North America.

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    Negotiating Commercial Leases Renewals For Dummies Published by John Wiley - photo 1

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    Negotiating Commercial Leases & Renewals For Dummies

    Published by
    John Wiley & Sons, Inc.
    111 River St.
    Hoboken, NJ 07030-5774
    www.wiley.com

    Copyright 2013 by John Wiley & Sons, Inc., Hoboken, New Jersey

    Published simultaneously in Canada

    No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions .

    Trademarks: Wiley, the Wiley logo, For Dummies, the Dummies Man logo, A Reference for the Rest of Us!, The Dummies Way, Dummies Daily, The Fun and Easy Way, Dummies.com, Making Everything Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc., and/or its affiliates in the United States and other countries, and may not be used without written permission. The Lease Coach is a trademark of The Lease Coach. All other trademarks are the property of their respective owners. John Wiley & Sons, Inc., is not associated with any product or vendor mentioned in this book.

    Limit of Liability/Disclaimer of Warranty: The publisher and the author make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation warranties of fitness for a particular purpose. No warranty may be created or extended by sales or promotional materials. The advice and strategies contained herein may not be suitable for every situation. This work is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If professional assistance is required, the services of a competent professional person should be sought. Neither the publisher nor the author shall be liable for damages arising herefrom. The fact that an organization or Website is referred to in this work as a citation and/or a potential source of further information does not mean that the author or the publisher endorses the information the organization or Website may provide or recommendations it may make. Further, readers should be aware that Internet Websites listed in this work may have changed or disappeared between when this work was written and when it is read.

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    For technical support, please visit www.wiley.com/techsupport .

    Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com . For more information about Wiley products, visit www.wiley.com .

    Library of Congress Control Number: 2013933948

    ISBN 978-1-118-47746-5 (pbk); ISBN 978-1-118-50252-5 (ePub); ISBN 978-1-118-50254-9 (eMobi); ISBN 978-1-118-50255-6 (ePDF)

    Manufactured in the United States of America

    10 9 8 7 6 5 4 3 2 1

    About the Authors

    Dale Willerton is The Lease Coach. Before getting into commercial real estate, Dale owned many businesses that required him to be a tenant. His interest in real estate led him to work for commercial landlords, managing and leasing shopping malls, office properties, and strip plazas. In 1993, Dale realized it wasnt landlords who needed help, it was tenants. He switched to the tenants side and became The Lease Coach, creating a new niche in the consulting industry. Within a few years, the demand for professional consulting services meant expanding into a much larger team. Dale partnered with Jeff Grandfield, who is responsible for much of The Lease Coachs growth and success today.

    Jeff Grandfield is a senior consultant with The Lease Coach. Jeff completed his honors B.A. degree in business administration with a designation in marketing from Wilfrid Laurier University. It was the challenge of the real estate industry and satisfaction of working with business owners of all types and sizes that drove Jeff to pursue a career in real estate and join The Lease Coach in 2005.

    Dale, Jeff, and The Lease Coach team have successfully complete more than 1,200 consulting projects for tenants. They have conducted hundreds of seminars, workshops, and webinars. They frequently provide real estate training for franchisors and franchisees. Speaking at industry tradeshows and for healthcare organizations, theyve helped tens of thousands of business owners and tenants. The Lease Coach has offices throughout the United States and Canada, exclusively representing tenants with one-on-one coaching and consulting, new and lease-renewal negotiations, site selection, lease document reviews, midterm rent reductions, lease assignments, building acquisitions, operating cost audits, and space measurements. The Lease Coach never accepts any fees from landlords and works with small and large, independent and franchise tenants. For a complimentary consultation or to inquire about having Dale and/or Jeff do a live speaking presentation, webinar or training at your next event, visit www.TheLeaseCoach.com , e-mail DaleWillerton@TheLeaseCoach.com or JeffGrandfield@TheLeaseCoach.com , or call 1-800-738-9202 (ext 1).

    Dedication

    This book is dedicated to the most important people in Dales and Jeffs lives their families: Linda, Alana, Jessie, Jean, Elaine, Louise, Lester, Janice, Brie and Vaughn, Miles, Terry, and Cory

    Authors Acknowledgments

    How does one say thank you when there are so many people to thank? Dale and Jeff want to acknowledge The Lease Coach team, including Pam, Lyda, and Rick, for their dedication, hard work, and loyalty. We also want to acknowledge the 1,200+ business owners, entrepreneurs, doctors, and tenants who have trusted their leases to The Lease Coach and the many more to come. And to those thousands of business owners and tenants who attend our seminars, providing us with the opportunity to do what we love: help tenants.

    Publishers Acknowledgments

    Were proud of this book; please send us your comments at http://dummies.custhelp.com . For other comments, please contact our Customer Care Department within the U.S. at 877-762-2974, outside the U.S. at 317-572-3993, or fax 317-572-4002.

    Some of the people who helped bring this book to market include the following:

    Acquisitions, Editorial, and Vertical Websites

    Editor: Corbin Collins

    Acquisitions Editor: Erin Calligan Mooney

    Special Help: Sharon Perkins

    Assistant Editor: David Lutton

    Editorial Program Coordinator: Joe Niesen

    Technical Editor: Brad King

    Senior Editorial Manager: Jennifer Ehrlich

    Editorial Manager: Carmen Krikorian

    Editorial Assistants: Rachelle Amick and Alexa Koschier

    Cover Photos: teekid / iStockphoto.com

    Cartoons: Rich Tennant ( www.the5thwave.com )

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