Top 12 Mistakes Tenants Make When Leasing Space (part 8 of 12)
#8 Most Common Mistake
Not Presenting Yourself As Financially Viable
Failure to work with a broker who understands your financials and can present you to a landlord in the best possible light. While many landlords prefer to lease spaces to large corporate credit tenants, the reality is that many retail tenants are in the start up phase or have only one existing location and are slowly expanding. A landlord decides whether to consider leasing space to a tenant and the amount of security deposit by looking at the business’s financials. Knowing how to present yourself, especially as a new business, can limit your security deposit and personal exposure. Learn how to make landlords want you as a tenant with the right tenant representation.