The Office, cont’d.
- Deposit: most landlords want 6 months minimum, in cash, but it’s a soft market….
- Lease Term: landlords like five years, but for your first office you will probably want less.
- Sublease clause: you need this if you are going to grow out of your space during the term of your lease; profit sharing clause.
- Ways out of a lease: tough, but there are ways (landlord wants you out; bribery; bankruptcy; natural disaster…)