Episode 262: 5 Lease Traps Gym Owners Can’t Afford to Ignore with Matt Becker of Gym Lawyers PLLC

What We Cover In This Episode:

• Common hurdles faced by gym owners when first examining a lease agreement [2:51]

• A breakdown of the most crucial sections within a lease contract[6:06]

• Understanding ADA compliance and its specific implications for boutique fitness businesses [9:50]

• The potential financial consequences of not involving legal professionals from the outset of the lease process [13:27]

• Strategies for mitigating noise issues and safeguarding your business when signing a lease [16:56]

• Key factors to consider when assessing parking needs for your gym [22:36]

• Identifying and addressing potential permit or code violations outlined in a lease agreement [25:07]

• Tips for navigating early lease termination if necessary [28:27]

• Understanding personal guarantees and their implications for business owners [31:33]

• 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:

Matt’s Website & Email 

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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