Can Signing the Wrong Lease Bankrupt You?
When COVID hit, many wellness businesses went under. The #1 reason? Lease agreements they didn’t understand.
What Goes Wrong
From outrageous personal guarantees to vague use clauses, most lease documents are written to protect the landlord—not you. Cory unpacks the most common red flags that get studio owners in trouble.
What You Can Do
You can negotiate. You should ask questions. And you must understand what you’re signing before locking yourself into thousands of dollars of monthly rent.
Key Takeaways:
✔️ Always clarify permitted use for your space
✔️ Ask for a non-compete clause if you're in a shared building or plaza
✔️ Avoid personal guarantees when possible
✔️ Get clarity on all costs (rent, taxes, CAM, insurance)
✔️ Consider early morning/loud use restrictions if needed
🎧 Press play to avoid costly lease mistakes.
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