Business Capital Modal

A local lease is the contract we signed with the owner or owner of premises at the time of lease or rent their premises for the operation of our business.

This agreement establishes the term of the contract which will (rent) and amount (income) per month to pay for it.

The time of the contract varies with the type of business, but the average and the recommendation for small to medium businesses, is to sign a two-year renewable contract at a minimum, otherwise the local owner (lessor) may decide to stay with our business if it arrives to succeed.

Also, before signing the contract must include exit clauses that are in our favor, for example, we consider the possibility of dissolving the contract without having to pay the entire agreement, in case we do not go well with the business.

Another aspect to consider is the potential for sublease (lease part or all of the premises to a third party) or assign (transfer the rights and duties of the contract to a third party) the lease without having to consult this with the lessor.

We must also take into account the possibility of construction or improvements on the premises, we agree on what we do and what not, which should make the landlord, etc.

Finally, mention must not only study it before signing the contract, but do it with the landlord, for example, inquire about their criminal record and credit.

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