Of all the lease clauses under the sun, none are more awkward for a tenant to negotiate than the language defining their own defaults and the associated penalties. It feels so self-incriminating for a tenant to ask for more flexibility
in how late they can pay the rent or more time to cure if they neglect to pay on time.
No question, businesses enter into lease agreements with optimism and high hopes for the future. How strange it feels to contemplate your own failure! But there is always some probability for administrative mistakes or failure and the need for the tenant to protect their interests
is as important here as with any other clause of the lease that has financial ramifications to the tenant. Some leases are drafted by the landlord with draconian terms that penalize the tenant severely for minor slip ups. An experienced broker is knowledgeable of fair and reasonable terms that most landlords will agree to and can help the tenant to save face by going to the mat on these issues on their behalf.
A good tenant representation broker will insure that all terms of your lease are fair and equitable no matter how unpleasant they are to ponder.