Leasing Practices to Avoid
Avoid the following:
- Fair market value for software
- Extended pro-rata rent
- Quarterly interim rent
- Difficult return provisions
- Difficult notice provisions
- Six-twelve month automatic extensions
- FMV determined solely by Lessee
- Late return notice cancellation
- No return provision / must purchase or extend
- Undefined transitions windows
- Below market lease rate factors
- Unnecessary deposits
- Restocking, documentation, commitment, legal, UCC filing, executory, transaction or other fees
- Automatic rate bumps