Benefits of Hiring a Business Lease Attorney
When you offer commercial leases on your properties, you’ll likely need an attorney who can represent your best interests. There are a range of benefits and reasons why you need a lawyer to represent you. The biggest reason is because it’s a big investment and you can’t afford to leave it to chance. You need a qualified lawyer to do all the legwork and make sure you’re protected against any eventuality.
With your business leases, you need a lawyer who can make sure that all the leases are in order with the basic elements. You also need a legal representative to protect you against loss. It’s one of the most important contracts you’ll sign in your business, so you need to make sure you’re covered for any eventuality.
What are the Basics of a Business Lease?
A business lease is usually straightforward, or at least it should be. When it’s not straightforward, that’s because you may have declined to use an attorney who would represent your best interests, no matter what the case may be.
A business lease is something that you might deal with on a regular basis, but you’ll need to include the specific terms agreed upon. It may be a significant source of income, so you should also keep that in mind. A business lease must include a variety of elements, including:
- A covenant to pay rent: The business lease includes what the rental cost is, whether the rent is subject to an increase, and when the rent is due.
- The duration of the lease: The business lease includes the term, when it begins and ends, and whether it’s renewable.
- The security deposit amount: The business lease includes the amount of the security deposit, any conditions, and the date of return for the deposit.
- The property: The business lease includes the address of the property along with the type of property and other factors involved in the agreement.
The business lease can include factors like the insurance and taxes, and what the entire fees will be for the term of the lease. The business lease may also involve whether you can sublet the property, and what any other terms or conditions may be.
What is a Business Lease Attorney?
A business lease attorney is experienced in handling commercial and business lease agreements and properties. Since business leases are governed by real estate law, you need someone who is experienced in the field, who understands what is at stake, and how to best deliver a business lease that will protect your assets and property.
A business lease attorney can review the lease, make recommendations for changes, and negotiate the business lease on your behalf. A lease can be the biggest expenditure that a business pays. Whether you have a large or small business, you still need assistance with your leasing to ensure that you are in the best position possible.
Why You Need an Attorney to Negotiate Your Commercial Lease
While you can negotiate the terms of a business or commercial lease on your own, it’s always best to involve a legal expert when you are talking about an investment of your time and resources that are of such momentous importance. An attorney can draft, edit, and review the terms of the lease, but also make sure you’re protected from litigation and misunderstandings.
You need to consider the following:
- Whether you’re offering favorable and flexible lease terms.
- How you can avoid misunderstandings.
- What the provisions and conditions will mean in the lease agreement.
- Why it focuses on core business activities.
With complete oversight and careful crafting of the language, you will have the level of negotiation you need. It should highlight what your rights and responsibilities are under the lease. A real estate agent can also be part of the discussions to better secure your business lease.
Next Step: Schedule a Free Consult with an Attorney
When you reach out to a business lease attorney, you should discuss the terms that go into a business lease. You can discuss what is involved, as well as what tools and services the attorney can use to protect you and your assets. An attorney can handle negotiations in the best, most expedient way possible.
A business lease attorney can guarantee timely payments, customized property arrangements, protection against damage, and other set laws of tenancy. With a lawyer’s help you can ensure that you’ve included all the factors you need to consider for any eventuality in the business lease relationship.