Rent Before You Buy

Posted by: Today's Tip Contributor on August 24

If you’re an entrepreneur looking into office space for the first time, don’t even think of buying. You want to rent. Make sure you get a “good guy” clause in the lease. It allows you to get out of the lease if your business venture doesn’t work out. And you and the landlord can still remain friends.

Faith Hope Consolo
Chairman
Retail Leasing and Sales Division
Prudential Douglas Elliman
New York