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What if Leases Were Better Understood by Small Business Owners
By: Lance Winslow
What if more people getting into their own small business understood their lease agreements better? What if a small business owner going into a space near a larger retail outlet anchor tenant realized that if that business closes that their traffic and store volumes will drop to a trickle?
What if small business owners realized that they were on the hook for the full-term of that lease whether their business went out of business or not? What if the small business owners read the lease and understood all the clauses in it? What if small business owners just starting out got proper legal advice?
What if lawyers did not charge and arm and a leg and do limited services for their high fees? What if the leasor?s lawyers were not smarter than the leasee?s lawyers? What if a hand shake deal between the leasor and the lessee was sufficient?
What it franchising companies did not make the franchisee small business owner sign a master lease agreement effectively putting them between the leaser and the lessee and making them essentially the leasor for the franchisee leasee?
What if such leases and real estate law were simplified and their were less lawyers in the way? What if the average lease agreement for a small businessperson had not grown to ten pages? What if there were not so many lawsuits involved in lease agreements and what if everyone just did what they promised and did not promise what they could not do? Think on this.
Lance Winslow, a retired entrepreneur, adventurer, modern day philosopher and perpetual tourist. |
