your favor so they need to see you and your business as a great choice.
It needs to have these things in it:
• Who is Liable for the Lease — Include the name of the business and any other businesses involved. • Your Business Structure — This is how you are structured, if you are tax exempt, and helps them understand your personal liability. • Contact Methods — Add the best times and ways to reach you. • Terms — This should be fully fleshed out and detailed. That way nothing can be negated if the landlord doesn’t live up to one aspect. Even get any clarifications in writing that you may not be certain of. Deliver the offer by mail or with email as an attachment. You should get a response in one to two business days. If you choose to mail it, use a standard envelope and letterhead. Make it as proper as possible. In the letter, don’t use any type of slang or any wording that can be taken for anything but what it actually means. Being clear on every detail is the most important part of what you send, so nothing can be held up or misconstrued.
NEGOTIATING A PERSONAL GUARANTEE ON A COMMERCIAL LOAN
A personal guarantee can be a requirement for some leases, mixing your personal credit with your business’s. That doesn’t mean there isn’t room to negotiate them, however.
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