A Physical Approach to Leasing
For someone excited about opening a new business, he or she may want to stop and consider the hidden costs of leasing that do not appear in the rent section of the lease. Assume that Tammy has just signed a lease to open a fitness center in a converted warehouse. The lease notes that she is taking the space in an “as-is” condition, and she is responsible for all tenant improvements that must be completed. Tammy did not want to hire a contractor or architect yet to help her e