Video guides: Renegotiating a lease in a financial crisis

Video guides: Renegotiating a lease in a financial crisis

When financial pressure hits a small business, the primary cost can become a major challenge, but it’s one that can be solved with smart negotiation.

In the videos, Elevate Hennepin advisors, Kwame Osafo‑Addo, founder of TruLegal, and Miluska Novota, founder of Hortensia PLLC, guide business owners through renegotiating a commercial lease during hard times. Kwame leads the English version, with a special focus on restaurants, while Miluska presents the Spanish version.

Watch either video to learn simple, effective approaches to managing a lease contract by communicating early, bringing real numbers and proposing mutually beneficial solutions to landlords.

Both advisors emphasize one point: preparation builds credibility. Coming to a landlord with sales trends, cash‑on‑hand, and a 60‑ to 90‑day forecast shows responsibility, not distress. And once both sides agree, getting everything in writing protects you long‑term.

If you’re a business owner navigating a financial downturn due to the federal immigration surge or other financial shocks, these short videos offer expert guidance. Connect with Kwame at TruLegal or Miluska at Hortensia for custom support.

Renegotiating a commercial lease during a financial crisis

Estrategias para negociar el contrato de arrendamiento