Commercial Leases for Bars and Restaurants in Austin: Legal Tips for Business Owners

TL;DR

Commercial leases can be complex; negotiate rent, improvement allowances and personal guarantees. Inspect the space for code compliance and confirm zoning before signing. Consult brokers, contractors and attorneys to secure terms that support your bar’s success.

Lease types include gross, net, and percentage leases. Key clauses to negotiate include rent and escalations, term and renewal options, tenant improvements, use and exclusivity, maintenance responsibilities, assignment and subletting, personal guarantees and compliance with laws.

Tenants should inspect properties for structural issues, confirm utilities and verify zoning before signing. Engaging professionals like brokers, attorneys, architects and contractors helps evaluate properties and negotiate terms.

Reach Out To Castroland Legal to be your Trusted Advisor

Understanding lease types and negotiating favorable terms, especially rent structure, improvement allowances and personal guarantees, sets the foundation for a successful bar or restaurant. Always inspect the space and seek professional advice before signing.