
Authored by: Linda S. Koffman Fitness centers and gyms are a big business. According to Statista, there were more than 37,000 fitness centers in the U.S. in 2017. This is an increase of more than 5,500 compared to 2012. In an era with declining activity in retail, fitness center leases provide a growing opportunity for both landlords and tenants. After representing a number of fitness companies in their lease negotiations, I have come across some key provisions that should be discussed between the landlord and tenant at the letter of intent stage. Early agreement on these issues will lead to… Read more