Nov 7, 2024
What We Cover In This Episode:
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Common hurdles faced by gym owners when first examining a lease agreement [2:51]
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A breakdown of the most crucial sections within a lease contract[6:06]
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Understanding ADA compliance and its specific implications for boutique fitness businesses [9:50]
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The potential financial consequences of not involving legal professionals from the outset of the lease process [13:27]
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Strategies for mitigating noise issues and safeguarding your business when signing a lease [16:56]
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Key factors to consider when assessing parking needs for your gym [22:36]
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Identifying and addressing potential permit or code violations outlined in a lease agreement [25:07]
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Tips for navigating early lease termination if necessary [28:27]
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Understanding personal guarantees and their implications for business owners [31:33]
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How the FTC's new rule will affect gym owners and their membership agreements [34:08]
Quotes:
“Almost everybody who calls now and says they have a problem with their lease, it is evident they didn't have anybody helping them.” [Matt, 5:42]
“It’s too late once there is a problem. We have to try to prevent problems from ever popping up and prepare ourselves so that we have a fighting chance if there is a problem.” [Matt, 16:21]
“You are a unique snowflake in the sense of being a gym owner because it is different requirements than any other common business that is going to go in this space.” [19:29]
LINKS:
Contact by Phone: 1-412-443-1396
The Americans with Disabilities Act (ADA)
FTC Passes ‘Click-to-Cancel’ Rule for Gyms; HFA Points to Key Concessions
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