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Dealing with deposits for commercial tenants

from By Dale Willerton and Jeff Grandfield

Although landlords often ask for security deposits on commercial leases, such deposits aren't legally required. In fact, you can often negotiate them. Unfortunately, too many tenants don't know that and willingly pay the deposit, without negotiating the amount or the terms. Your goal as a commercial tenant is to pay as little deposit as possible — no deposit at all is better. Alternatively, you will want your landlord to return your deposit to you when you renew your lease. more

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