New here: dog daycare, name picked, and a warehouse lease I don't understand
Nate, and I'm at the stage where the business is real in my head and nowhere else. Dog daycare and boarding. Name's picked, domain's bought, and I've spent six weeks negotiating on a 6,000 square foot warehouse near a light industrial strip, because that's the only kind of space that can take the noise.
Here's where I'm stuck. The landlord sent a lease that is 31 pages, and from roughly page 14 onward it's a language I don't speak. Triple net, CAM charges, and a personal guarantee that appears to follow me for the full seven years whether the business lives or dies. A realtor friend says that's normal. Normal and fine aren't the same word.
Background: I'm not from this industry. I managed a warehouse for eight years and I have two dogs, which is either a great foundation or a punchline.
In my way this week: deciding whether to pay a lawyer $1,200 to read this thing before I sign, when the whole point of the last eight months has been not spending money I don't have yet.
Anyone signed a commercial lease as their first real move? What did you wish you'd pushed back on while you still had the chance?