A Deal is A Deal

And that's what it means... In the process of getting a space you agree to the terms of the deal via a letter of intent (LOI) , then a lease is drafted by attorneys with the terms from the letter of intent, then you, the Tenant/New Member of the Shopping Center, execute the lease with your security deposit and signature...but before you send it in to the landlord, you get worried about business and decide you need an extra month to build out your space and get setup...STOP THE TAPE, you do not want to be that person... Ladies and gentlemen, this is known in the business as a RETRADE or retrading the deal and this really, really, really bothers brokers and landlords and can often ruin previously negotiated deals. Landlords get used to certain people who retrade deals and the number of people in the retail sector of commercial real estate is rather small and tight knit, so word gets around. In order to avoid RETRADING the deal, simply realize what you are getting into, dot your I's and cross your T's and make sure you are fine with the deal you have negotiated. Believe me, you do not want to be that Tenant and in general it is just bad business.