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WNC Business

Pro Tips: 5 Key Things Every Small Business Owner Should Know Before Signing a Lease

Jul 26, 2025 08:23AM ● By Alison Pages, Broker-in-Charge at Vital Real Estate Services
Thinking about signing a commercial lease for your business? It’s a major step which could impact your finances and future. Before you sign, here are five simple things every small business owner should know: 

1. Know what type of lease you’re signing. 

Leases come in different flavors, like gross or triple net (NNN). These terms tell you who is responsible for paying things like taxes, insurance, and upkeep. Don’t just guess—ask for a  clear breakdown so you don’t end up with surprise bills. 

2. Think about the length of the lease. 

Is it for five years? Two years? Flexibility matters. If your business grows faster than  expected, you might need options to renew or expand. Look for terms that give you room to move, so you’re not stuck in a space that’s too small or expensive down the road. 

3. Make sure you know what’s included.

Does the lease cover parking, snow removal, or repairs? Find out what the landlord takes care of and what’s your responsibility. Small expenses can sneak up on you, and no one likes hidden costs. 

4. Plan for the unexpected.

Life happens, which means business models shift, sales boom, or maybe you need to move locations. Check the lease for clauses like subleasing or early termination. A backup plan is always a good idea. 

5. Check zoning and restrictions.

Don’t assume you can just open shop wherever. Make sure the space is zoned for your type of business and ask about exclusivity clauses that might limit what you can sell or offer. 

Final Tip: 

Your lease is more than paperwork, it’s a partnership. Take the time to read every detail. Ask questions, and if you’re unsure, get a trusted advisor like an experienced commercial real estate broker or attorney to take a look. Doing this can save you headaches and money down the road.