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The terms that kill restaurants are rarely the rent.
A three-page operator checklist for a draft lease or letter of intent: the economics, the term and the exits, delivery and permit contingencies, exclusive use, and the risk clauses — personal guarantee, assignment, relocation, restoration at end of term.
It ends with the five clauses we would walk away over, and six questions to hand your attorney.
This is not legal advice and it is not a substitute for a lawyer. It is the checklist an operator uses to find the clauses worth paying an attorney to look at closely — and it says so on page one.
The terms that kill restaurants are rarely the rent.
A three-page operator checklist for a draft lease or letter of intent: the economics, the term and the exits, delivery and permit contingencies, exclusive use, and the risk clauses — personal guarantee, assignment, relocation, restoration at end of term.
It ends with the five clauses we would walk away over, and six questions to hand your attorney.
This is not legal advice and it is not a substitute for a lawyer. It is the checklist an operator uses to find the clauses worth paying an attorney to look at closely — and it says so on page one.
