Incipio Academy
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Course N°137Real Estate

The Commercial Lease Playbook: Sign Space Without Regret

with Incipio Studio

Original curriculum by Incipio Academy

Shop, negotiate and sign commercial space like an operator who has done it before. Cut hidden costs, cap personal guarantees, and build exit routes into the contract before you sign it.

17 lessons17 videos5h 26mIntermediateLifetime access

What you’ll walk away with

Skills, not certificates of attendance

01Calculate the true monthly cost of a space before you offer
02Negotiate rent-free months and a tenant improvement allowance
03Cap or taper a personal guarantee instead of signing it blind
04Build break clauses, renewal options and sublet rights into terms
05Audit service charges and challenge costs you never agreed to

Curriculum

4 chapters · 17 lessons

5h 26m total
01Know What You Are Actually Renting
+
  1. 1Shell, fit-out or turnkey: what the landlord really hands youVideo
    16:40
  2. 2Usable vs rentable square footage and the load factor trapVideo
    13:25
  3. 3Zoning, use clauses and permits: check before you fall in loveVideo
    18:10
  4. 4The true monthly number: base rent, NNN, utilities, insuranceVideo
    21:35
02Find and Shortlist the Right Space
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  1. 1Build a location scorecard: footfall, access, neighbours, parkingVideo
    19:50
  2. 2Tenant rep brokers: what they do, who pays, how to brief themVideo
    15:15
  3. 3Reading the market: comps, vacancy rates and landlord motivationVideo
    22:05
  4. 4Site visit checklist: HVAC, power load, loading bay, ceiling heightVideo
    17:30
03Negotiate Before the Lawyers Arrive
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  1. 1The letter of intent: 12 points to fix while you still have leverageVideo
    24:45
  2. 2Rent-free periods, TI allowance and stepped rent that fits cashflowVideo
    26:20
  3. 3Break clauses, renewal options and how rent reviews are calculatedVideo
    23:10
  4. 4Personal guarantees: capping, tapering and swapping for a depositVideo
    20:55
  5. 5Assignment and subletting: writing your exit route into the dealVideo
    18:40
04Sign, Fit Out and Manage the Landlord
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  1. 1Repair obligations and dilapidations: the clause that bites at exitVideo
    25:30
  2. 2Fit-out plan: contractors, permits, inspections and opening dateVideo
    19:05
  3. 3Service charge audits and challenging costs you never approvedVideo
    16:50
  4. 4Renewal leverage: start the next negotiation twelve months outVideo
    14:20

Your instructor

Incipio Studio

Original curriculum by Incipio Academy

Incipio Studio is the academy's in-house curriculum team. Studio courses distill proven playbooks, frameworks, and operator interviews into structured, do-this-next lessons, researched and produced by Incipio Academy.

I used the LOI checklist on a unit I was about to sign and came away with four months rent-free and a capped guarantee. That one call paid for the whole course many times over.

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$24one-time · yours forever

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17 lessons, 5h 26m
17 videos
— All future updates included
— 30-day money-back guarantee