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1 ) Leasing space for your business, what should you know? At some point, many entrepreneurs and business professionals will consider renting space to run
Leasing space for your business, what should you know?
At some point, many entrepreneurs and business professionals will consider renting space to run their business's operations. This could be a store, warehouse, restaurant or office space. When a business rents or leases property it's called a commercial lease. Although many of the concepts are the same as when you might rent an apartment to live in a residential lease there are some differences that are critical for business professionals to know about and some pitfalls to avoid. Watch this video titled Ten things to consider before signing a commercial lease. There is also corresponding text below the video. Respond in this discussion with two things you learned from this video that were either surprising to you or something that you weren't aware of before watching it
Covid and landlordtenant relationships
With the Covid pandemic, many businesses were forced to close and, as a result, many people are now unemployed.
Please attach or provide a link a relevant news article that discusses something about the struggles of either a commercial business or residential person family etc. tenant that can no longer pay its rent due to these unprecedented times.
Describe how the tenants and their landlords, and possibly the government, are attempting to adjust to the situation. Feel free to include as many real estate law references as you can find in the article. Remember, both businesses and individuals can be tenants.
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