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Log In / Register | Sep 22, 2017

What Franchisees Need to Know about Real Estate Leases

The following is an excerpt from the Franchise Bible, written by Rick Grossman, covering the basics of a franchise location lease.

Once a franchisee has completed the site selection process, they’ll be ready to work with the landlord to secure an acceptable commercial lease. Like so many other contracts, there are no “form” or “standard” leases, and a landlord can fashion any contract they want.

At the end of the day, it’s the franchisee who’ll be responsible for understanding the lease and who’ll be called upon to perform under its terms, so you have to read it! To help with that process, here are the major points to consider in reviewing a commercial lease. — Entrepreneur

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