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Here's what you should know before signing a lease for your business. Commercial leases
are very different than residential leases. There are fewer restrictions on the landlord
or protections for the tenant. Here are five questions you should ask yourself before signing.
1. What are the total costs? For instance, are you paying for common areas? Building
maintenance? Are you sharing a portion of your profits with the landlord? 2. Am I required
to carry insurance, and if so, what insurance? 3. Am I personally liable for my lease instead
of my business/corporation? 4. Is this building ADA compliant? And if I get sued for an ADA
violation, does my landlord have to pay for it? 5. Who is liable if someone gets hurt
on the premises or if the building gets damaged? Not knowing the answers to these questions
can spell trouble later. Got more questions? Visit us at bellatrixlaw.com to schedule a
consultation.