Once you have settled on a space and reached an agreement on basic things like rent and lease length, it is time to deal with the formal, detailed elements of a lease. It is crucial that you head into this step with an understanding of common clauses found in commercial leases to avoid any traps and help you negotiate for changes in your favor. Here is a list of a few common lease clauses to have some background on:
1. Parties. A lease usually begins by naming the landlord and tenant in a clause called “Parties.” This may seem like a fairly basic part of the lease, but it is important to look closely at it to make sure your business’s exact legal name is used. If there is an error in the way you are identified—for instance, if you are a corporation or LLC and give your personal instead of corporate name, you could become personally responsible for the lease, opening you up to personal liability.
2. Premises Clause. Also at the beginning of your lease will be a clause typically titled “Premises” that identifies the space you area leasing. If the space is an entire building, this clause should simply include the address, but if it is a more specific space, you need to make sure that your space is described in more detail. For instance, if you want access to things like parking lots, storage rooms, kitchen facilities, conference rooms, or other amenities, you will want the lease to list those specifically.
Make sure that there are no surprises on your lease by being prepared when you enter negotiations!
Healthy Solutions, Inc. will be at Southcreek Office Park this fall offering flu shots so that you can protect yourself, your family, and your co-workers from illness! Be sure to sign up for your vaccination soon! Here is some more information about getting your vaccination:
Dates, Times, Locations:
Wednesday, October 2nd 9:00 am – 10:00 am…Building V 12:00 pm – 4:00 pm…Building XV
Thursday, October 3rd 9:00 am – 10:00 am…Building XV 12:00 pm – 4:00 pm…Building V
Current insurance card from one of the following plans required at time of service:
Blue Cross Shield
Care Improvement Plus
Coventry of Kansas
Medicare Part B
Humana Medicare Health Plan
Today’s Options / Pyramid
United Healthcare Medicare Solutions
For those without accepted insurance, the cost of the flu shot is $21 in cash or check at the time of service.
Coupons or At Your Office:
If you wish to schedule a flu clinic visit at your office or provide company paid coupons for your employees to use at the clinics, get in touch with Terri Murphy at 913-345-2220 or firstname.lastname@example.org.
Don’t miss out on this opportunity to stop the spread of flu in your workplace and community this fall!
Signing a lease is a major financial commitment. If you carelessly agree to your lease without fully understanding it, that decision could be hugely detrimental to you and your business. It is essential that you understand all of the terms in your lease, possibly with the help of an attorney if need be. Here are a few red flags to be aware of when going over your commercial lease:
Red Flag #1: “Trust Me” While you want to build a relationship with a landlord based on trust, it is always smart in a business relationship to put everything in writing. Do not rely on verbal agreements or oral modifications in your lease; transcribe any agreement into a document that both parties can sign.
Red Flag #2: Vague Fees. Make sure that any fees you have to pay are clearly spelled out in the lease. Some landlords might attempt to charge you for extra fees, but never pay any unanticipated or occasional expense that is not mentioned in the lease.
Red Flag #3: A Lease That Restricts Your Improvement Potential You have to anticipate that your business might grow during the term of your lease, so try to modify a lease that restricts you from improving or altering your space.
Take care to avoid pitfalls like these when signing a lease!
This spring brings plenty of deals for Southcreek tenants for events at The Midland and the Sprint Center! From concerts to speakers, check out the great shows that will be passing through in the next few months and the deals you can get on them! Midland Events 2013
Here is some more information about the events:
The Piano Guys The Midland Saturday 5/4/13 8:00 pm (Doors open one hour prior) Offer Expires: 5/1 at 5:00 pm
Bon Jovi: Because We Can Sprint Center Saturday 4/13/13 7:30 pm
The Tenors: live in concert The Midland Friday 5/10/13 8:00 pm Offer Expires: 5/6 at 5:00 pm
Jillian Michaels: Maxemize Your Life Tour The Midland Sunday 5/12/13 6:30 pm Offer Expires: 5/9 at 5:00 pm
Rick Springfield: live in concert The Midland Saturday 7/27/13 8:00 pm Offer Expires: 7/24 at 5:00 pm
Remember that that these tickets are subject to availability and while supplies last, so take advantage of them soon! Call Heather at 816-949-7147 Monday – Friday between 9:00 am – 5:00 pm to place your ticket order. The only fee is a $1.25 handling fee.
Some of the steps to negotiating a lease renewal with a lower rent involve starting negotiations early and doing some research on statistics about the area, but another good renegotiation strategy involves shopping around and creating a little competition for your business.
Before you approach your landlord with a request for proposal, shop around and find a few other available spaces that could be a fit for your company. Send both your current landlord and the other landlords’ requests for proposal.
Take these other requests seriously, even if you would prefer your own space, because they could help you if your negotiations with your current landlord become difficult. Don’t keep your looking around a secret; let all parties know that you are considering all options, which will alert them that they have to compete for your business.
Continue serious negotiations with all of the prospective landlords up until you finalize your new lease. Tell them all that the first one to produce a lease that you like will be the one that gets your business. This move will speed up the whole process.
Even if you truly do want to stay in your current space, seriously looking around at other spaces has no downside. Either you find a better lease for your business or you could potentially spur your current landlord to cut you a better deal.
One in every two men and one in every three women will face a cancer diagnosis in their lifetime. What is your reason to Relay? Come and support your community and anyone you know struggling with cancer by participating in the American Cancer Society Relay For Life this month. Relay For Life is an opportunity for a community to come together to fund raise to fight cancer, increase the community’s cancer awareness, honor survivors, and celebrate life! Relayers will enjoy the festival atmosphere of the event with entertainment, food, games, and friends!
Date: June 16th 2012 Time: 12 pm – 12 am Location: Overland Trail Middle School, 6201 W 133rd St, Overland Park, KS 66209 Registration: You can sign up online at their website or contact Bob Burns at email@example.com, 816-365-9385 or Laura Horton at firstname.lastname@example.org, 816-218-7276.
You can help this great cause by forming a team and coming out to enjoy the family-friendly fun. Your fundraising efforts will help cancer research and programs benefiting people right here in our own community! Businesses have the opportunity to become a Corporate Partner, and Survivors will be honored with a free VIP dinner. Get a team together and don’t miss this fun night for a good cause!
Come celebrate the history of the Gardner, Kansas community with a day of fun activities for your whole family at the Festival on the Trails!
The Festival will take place on June 9th from 1:00 pm – 11:00 pm in Downtown Garner, Kansas, and admission is free! Here are a few of the events taking place at the festival:
Arts & Fine Crafts Show. Local artists and craftspeople will be seeing up their work from noon to 9:00 pm in the 4H building
Entertainment. Brandon Miller Band and Night Ranger will be performing in the evening. All seating is lawn chair, so be sure to get there early to set up your spot!
Kids Zone. A plethora of fun activities for the kids will be open from noon to 5:00 pm, including hair coloring, face painting, tattoos, a photo booth, necklace and bracelet making, inflatables, potato sack races, a hula hoop contest, a mad scientist booth, and more!
Chat Fest Museum. Open to all guests who are over 70 and have lived in the Gardner Township for at least 45 years. This will take place in Kramer Hall at the First Baptist Church from 2:00 to 4:00 pm and will include displays of the history of the area, light refreshments, and a chance to chat with old friends.