Renting office space has many obvious advantages: greater credibility than home officing, more flexibility than owning. But because there are few tenant-friendly laws in the commercial sphere, everything needs to be negotiated. So before you rent office space, you’ll want to review the lease with a good commercial real estate attorney. Here are ten points to keep in mind when reviewing the commercial lease. 1. Rent. How much rent are you willing to pay and under what circumstances can it be raised? 2. Term and termination. How long do you want to stay? Shorter leases give you more flexibility. Longer ones, more leverage. If your location is desirable consider a longer lease. Also, can you renew your lease and how much notice do you receive of its termination? 3. Utilities. Does your rent include phone, electricity, and water? 4. Expenses. Make sure you don’t unknowingly get stuck with maintenance costs, taxes, or insurance. If you do take these on, make it clear how they will be calculated. 5. Security deposit. How much is required and do you have the right to collect interest on the deposit? If one is required, see if a letter of credit is sufficient. 6. Premises. Precisely describe the space you’re renting, including any parking and other amenities. 7. Improvements. If the landlord suggests future improvements, get them in writing. 8. Representations. Similarly, if you’re renting based on certain understandings about, say, foot traffic or utility costs, note those in the contract. 9. Zoning. Follow up independently on any zoning claims. 10. Subletting. The ability to sublet to others will give you a great deal of freedom, although the landlord usually has the right to pre-approve subtenants. If you’ve covered everything in your original lease, you’ll be in a better position to renegotiate later. Be sure to document your reasons for a lower rent or additional improvements when renegotiating. In tough economic times, some landlords may be willing to take a percentage of your sales Finally, consider engaging your commercial real estate lawyer for the renegotiation process. You can also explore additional resources right here on the Law Firm Business Center at FindLaw.com. http://link.brightcove.com/services/player/bcpid1454929000