Know your leasing optionsKnow your leasing options

by Michael Bull 
and Bob Kane


If you are leasing restaurant space, you know the importance of your location and the lease. While there always were many factors to consider, leasing has become more complicated in today’s economy. For instance, during the go-go days many tenants did not consider the possibility their landlords might be foreclosed on — and now some restaurateurs are learning the hard way what the impacts of that can be. 


Here are some key issues restaurant tenants should consider when leasing space:


1. Landlord. Understand the strength of your potential landlord, the particular property and the status of loans on the property. In most cases this information is available to professionals in the industry, so ask your broker. ...