The number one lease negotiation issue Detroit-based business attorney Zana Tomich sees clients run into is the lease letter of intent or LOI. It can be just as important as the lease itself and often dictates the terms of the lease.
As Zana explains in this video, once you’ve agreed to the LOI, even the strongest positioned or leveraged parties have difficulty renegotiating terms. Zana shares lease negotiating tips for an effective lease letter of intent. For more lease negotiation tips, read her blog on 5 Things to Know When Negotiating a Lease.
Zana is the leader of the Business and Employment Law practice at Dalton & Tomich, PLC. If you have questions about business lease negotiation, contact her at 313.859.6000 or click here.
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