Beauty Store Business magazine - November, 2019

Lease

The Art of Commercial Lease Renegotiation

An expert weighs in on what to do–and what not to do–when renegotiating your lease.

Renegotiating a commercial lease can be daunting. At best, the whole process can feel like a necessary evil that you can’t wait to move on from. However, when you cruise through your lease renewal without considering all the terms, and most importantly negotiating them, you are actually damaging your business and hurting your bottom line. As a tenant, you have much more power than you think you do–the key is realizing it and proceeding confidently.