Landlord/Tenant Lease Negotiations

A commercial lease is far more intricate and tailored, keeping the landlord’s interests in mind. If property owners rent their space to multiple offices, each company contract will look different. The lease terms will last for several years together. They can also modify terms to receive a percentage of profits in addition to the monthly rent. Businesses and landlords might share development and maintenance responsibilities. Therefore, negotiating a commercial lease may be complex. Before signing, companies usually review the agreement and seek help from a qualified contract/ lease review attorney. A professional can help the business sign to terms that work in their best interests, rather than hindering their business reputation and growth.

Contract breaches are more common with residential and commercial leases. However, each of the cases may be handled differently. Neither attorneys nor the courts look at these with an equivalent bias. Usually, with residential lease disputes, the bias inclines slightly towards the tenant, with most legal expenses falling over to the landlord. But, when a commercial lease dispute is in question, the accountability falls on both parties since they share terms from an equal place.

Preventing disputes must be the go-to approach with landlord/tenant leases. One must always partner with a real estate attorney to anticipate potential scenarios and avoid costly future mistakes. The attorney can also work out a systematic method to handle revisions.

Accuracy is the key to drafting and negotiating a residential or commercial landlord/tenant lease. One must not continue with an old sample but customize the agreement to reflect the transaction’s new, agreed-upon terms. Having an attorney do the hard work will preserve your rights, avoid any liabilities, eliminate inappropriate changes, and negotiate the customary language giving clients the most flexibility.