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Lease Negotiation Tip: Don’t Overlook the Letter of Intent

Written by Zana Tomich on November 13, 2019 Category: Business Law & Transactions, Business Leases, Small Businesses
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The number one lease negotiation issue Detroit-based business attorney Zana Tomich sees clients run into is the lease letter of intent or LOI. It can be just as important as the lease itself and often dictates the terms of the lease.

As Zana explains in this video, once you’ve agreed to the LOI, even the strongest positioned or leveraged parties have difficulty renegotiating terms. Zana shares lease negotiating tips for an effective lease letter of intent. For more lease negotiation tips, read her blog on 5 Things to Know When Negotiating a Lease.

Zana is the leader of the Business and Employment Law practice at Dalton & Tomich, PLC. If you have questions about business lease negotiation, contact her at 313.859.6000 or click here.

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The business and employment attorneys of Dalton & Tomich take your business just as seriously as you do. Attorneys Zana Tomich and Noel Sterett are trusted by closely held family businesses and others across Michigan and Northern Illinois as invaluable partners and counselors. We guarantee all your calls and emails will be returned within one business day so you can focus on what you do best: running your business.