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The right lease for the right space for your small business

Finding the right type of space from which to run your company is not easy. It can be exceptionally difficult to find a good storefront or retail space in a good area, and budget concerns will certainly affect your decision as well. Once you find the right place, it can be tempting to forge ahead as quickly as possible, but there are some significant reasons why it may be smart to proceed carefully and thoughtfully.

You may not know that you have the ability to negotiate your commercial lease. There is no one-size-fits-all approach to these types of contracts, and savvy Illinois business owners work diligently to secure terms that will work in the interests of their companies for a long time. As with all contractual matters and decisions that can affect the financial well-being of your company, you may find it beneficial to seek guidance before signing on the dotted line.

What's in your lease?

Your business is unique, and what you need to succeed will depend on various factors such as the type of company you have, your goals for the future and what you hope to accomplish with your business space. As you negotiate the right terms of your lease, you will find it beneficial to consider both immediate and long-term needs and ensure that you have terms that address the following issues: 

  • Potential rent increases in the future as well as what rent will be upon signing the lease
  • What happens if you break the lease or procedures for early termination or subletting
  • What improvements you may need to make to the space and which party is responsible for remodeling, repairs and other changes
  • The length of the lease and the specific type of lease it is

These are just a few examples of the things you would be wise to consider as you negotiate a lease. Commercial lease terms will affect your company for years to come, and it is smart to be sure that you are not exposing yourself to costs or issues down the road. 

The right help for your business

You do not have to deal with issues related to your commercial lease on your own. Business owners often find it helpful to work with attorneys who can represent their interests in negotiations and seek terms that are fair, reasonable and sustainable for the foreseeable future. If you are looking for the right space for your company, you may want to first seek guidance and legal support.

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  1. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

  2. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

  3. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

  4. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

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Essig Law Office

Washington Office 135 Washington Square Washington, IL 61571 Phone: 309-481-2431 Fax: 309-444-1916 Map & Directions

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