As business owners, you should be extremely careful to carefully review the leasing term when leasing commercial, office or retail property. The contracts are often complicated and confusing, and since they are usually written by the property owner, the contracts are often more favorable to the landlord than they are to you. In fact, many leases put most of the responsibilities on the Tenant. As a tenant, without proper guidance, you may not know of this, and you could have negotiated terms that are more favorable to you and your business.
Poulos Law Firm offers commercial lease reviews and services including, but not limited to:
• Lease negotiations: Drafting and negotiating the most favorable lease provisions and terms possible and advising you about potential negative lease provisions.
• Lease review: A review by our attorneys can help you understand the obligations and consequences of the terms, help you stay in compliance and renegotiation for more favorable terms.
What Are Your Obligations Under the Lease?
There are some lease terms you should be familiar with since some may not seem important or seem balanced at first glance but could make a huge difference. Poulos Law Firm will carefully review your lease and make sure that your interests are protected and that you understand the consequences of what you are signing. Common issues we find in commercial leases, include but are not limited to:
• Common Area Maintenance Fees
• Alterations/Construction Riders/Sign requirements
• Retail Restriction
• Relocation provisions
• Indemnification clauses
• Landlord warranties
It is imperative that you, as a business tenant, clearly understand your actual obligations and responsibilities. Before you enter a contractual agreement, we can carefully draft or review your commercial lease with a critical eye overlooking all of the intricate details.