Right Of First Refusal

Beyond Rent: Three Lease Clauses Small Business Owners Should Negotiate Before Signing

Beyond rent, three critical lease clauses—Tenant Improvement Allowance (TIA), Option to Renew, and Right of First Refusal (ROFR)—significantly impact a small business's finances and operations. Negotiating these terms based on your business stage, property, and market is essential for long-term success and stability.