Research your retail location. Understand traffic patterns that will impact your business once it’s set up.
Request a Lease Proposal or a Letter of Intent, either short-term (under two years) or long-term.
Read all documents and make sure you understand and know the definitions to these words: term, delivery, commencement dates, and rent breakdowns.
Have a firm schedule for everything you need to do to get your doors open.
If within your means, consult a trained lease negotiator or an attorney.
Negotiate where you can. It never hurts to ask for what you are looking for.
Make a formal lease request.
Provide all requested historical financial information including two years of tax returns, credit application, article of incorporation, and two years of profit and loss statements.
And all along the way, know that you can always consult with a Brookfield Properties sales rep for specific questions or concerns that you might have.
Your lease checklist
