10 questions to ask on your Food Trailer Park lease
The 10 questions to ask on your Food Trailer Park Lease
When y
ou sign a commercial food trailer park lease, you are entering into a relationship where both parties have responsibilities to each other. This is one contract you will want to thoroughly read! It’s always best to ask questions ahead of time on areas that aren’t clear.
ALWAYS put any gray areas that aren’t clear in writing. Even with the best intentions of both sides, doing so will avoid miscommunication.
Don’t be left out in the cold! Make sure you understand your lease. Below are some tips that you’ll want to cover with your potential Landlord before signing anything.
1. Maintenance
- What are you going to be responsible for?
2. Utilities
- Who pays for electricity? Do they have grey water pick up?
Insurance
- What limits and coverage are you required to carry on your food trailer?
Lease duration
- How long are you locked into the location?
Landlords right to Terminate your lease
- Can they cancel your lease early for his or her convenience?
Access in and out of the park for your food trailer
- Will you be able to take advantage of catering opportunities and events?
Amenities
- Are parking, restrooms, seating, etc. provided?
Management
- Will they partner with you in promoting the food trailer park or just interested in filling the park with food trailers?
Exclusivity
- Is there a limit to the number of food trailers and types of food that can be located in the park?
Hours of Operation
- Will tenants be required to be open certain hours?
Joel Paprocki, CIC, CRM, CPCU is founder of Insure My Food. Joel has over 20 years of experience in the insurance industry. He is passionate about helping food entrepreneurs navigate insurance and risk management with confidence. He holds all three top industry designations: Certified Insurance Counselor, Certified Risk Manager, and Chartered Property and Casualty Underwriter. He has served over 5,000 clients in the food industry, including restaurants, food truck, cateriers, If you are looking for a reliable, experienced, and specialized insurance partner, please contact us.