Each executive suite center will handle this situation differently. Say your lease is for 6 or 12 months, but have to close your business down before the term is up, you will be in default of your lease agreement. With some executive suite centers will make you pay the entire lease term, others will negotiate and possibly take your security deposit as “damages”.
If you already know that you are taking a risk, it is best to sign the minimum lease term (normally 3 months). There are people who are tempted to sign a longer term lease because of the incentives offered, but in the long run you could lose more than what you are initially “saving”. Make sure to think through everything carefully before you sign the lease because it is a binding contract!
Chris – Leasing