EagleTribune.com, North Andover, MA

Weathering the Storm

January 22, 2009

When evaluating location, review 'SPACE'

(Continued)

Another important step is to read your contract clauses, Golart advises.

Not understanding the fine print in your leasing contract could mean unwelcome and unexpected fees at a later date. Clauses can dictate everything from when rent is due, to limitations of use, and your maintenance obligations. Be sure you read and understand all clauses before signing on the dotted line.

Finally, Golart says, don't forget about expansion.

If your business changes drastically, will your space change with you? Ask your potential landlord about what options exist to expand, or shrink, your space should the need arise. Depending on the answer, you may want to explore other leasing options, such as subleasing or shared spaces.

Bruce Freeman is president of ProLine Communications, a marketing and public relations firm in Livingston, N.J.

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