Several clients seek my advice about signing long-term leases for their businesses. I explain that there are numerous factors to consider before committing themselves.
For instance, the obvious things, such as rent, common-area maintenance charges, the condition of the building, personal guarantees, any tenant improvement allowance, incentives to sign the lease, such as forgiven rent, exclusivity and a whole host of other topics.
But one thing I always tell them to do is to visit the potential location as a customer and as an existing tenant.