The Ubiquity Group Restaurant Lease Guide
The Ubiquity Group Restaurant Lease Guide
Purchase includes 2hrs of consultation:
A “plain English” step-by-step walk-thru of the most common mistakes restaurant operators make when it comes to leasing, sub-leasing and re-negotiating Leases…as well as an overview of key terms, phases, order of operations and implications of them and the language commonly used by Landlords and Lawyers when discussing them (i.e., legalese).
It’s often the Landlord ends ups up with the better part of the deal, this guide was written after working for some of the most ruthless Landlords and learning how they mitigated risk, insulated themselves from downturns and profited greatly at the expense of their Tenants due to one simple, seemingly insignificant word or phrase.
If you don’t buy this guide, I would strongly recommend 3 things:
Read every single word of any Lease Agreement you are considering and Google every word you come across whose meaning you don’t know or only “think you know”.
Carefully consider if you, on your worst month imaginable, would be able to meet not only the rent, but all of the terms dictated in the Lease.
Remember to never agree to something “later to be determined” or “at the Landlord’s discretion” or terms that may be amended unilaterally. At the end of the day, if anyone writes down terms they’ll “never really enforce” and tell you: “those terms are just “boilerplate and we can’t remove any language” or “yeah but we’d “never actually do that”…. then ask for those terms to be removed since they are literally asking you to legally give them permission to do that thing very thing they claim they won’t do. I can’t tell you how many times a Landlord has or lawyer has looked me square in the face and said: “Don’t you trust me?”…to which I enjoy replying - “If this is all about trust, why are we negotiating a contract?”
The following guide is a general overview of common terms and important factors one should consider prior to entering into a Lease Agreement.
This guide is not, in any way, intended to represent a complete and/or comprehensive breakdown of any one Lease or any prescribed strategy as every situation is as unique as the use and as such - presents different challenges and opportunities that require in-depth analysis and consideration in context.
For that reason and a host of others, I strongly recommend consulting with a licensed real estate attorney, real estate broker, financial advisor, tax professional (and possibly your physician) before engaging in any contract, agreement or partnership.