How Can Real Estate Lawyers Help with Commercial Leasing?
Commercial leasing can be a complex process, and real estate lawyers can help protect your interests throughout the process. Whether you're a landlord or tenant, an attorney can advise you on your rights and obligations under the lease, help negotiate terms that are favorable to you, and draft or review the lease agreement to make sure it reflects your understanding of the deal. They are also equipped to offer advice on other legal and practical aspects of commercial leasing.
The Lease Agreement
One of the biggest ways a real estate attorney can help with commercial leasing is by negotiating the terms of the lease agreement. They will understand your objectives and work to get you the best possible terms within the confines of the law. For landlords, this may mean negotiating for a higher rent price or more favorable lease terms. For tenants, it may mean negotiating for a lower rent price or longer lease term. Either way, a real estate attorney will assist you to find the best terms possible.
Drafting or Reviewing the Lease Agreement
Once the terms have been negotiated, it's time to put them into a legally binding contract. A lawyer will help by drafting or reviewing the lease agreement. They will make sure that all the negotiated terms are reflected in the agreement and that there are no unclear provisions that could later come back to bite you. Having an attorney draft or review your lease agreement is one of the best ways to protect your interests during the commercial leasing process.
Enforcing the Lease Agreement
If things go south, and you find yourself in breach of the lease agreement, an attorney can be of immense help. They can review the lease obligations and work with you to resolve any issues that may arise. If necessary, they will offer representation in court if there's a dispute over the lease agreement. Whether you're a landlord or tenant, an attorney can help enforce the terms of your commercial lease agreement. Generally, it's best to avoid going to court, if at all possible, but having them on your side can give you the peace of mind that you're covered if things do end up in commercial litigation.
Breaking the Lease Agreement
There may come a time when you need to break your lease agreement. Perhaps your business is doing better than expected, and you need to move to a larger space, or maybe your business is struggling, and you need to downsize. Whatever the reason, if you need to break your lease agreement, a lawyer can help. They can work with you to negotiate a settlement with your landlord.
Real estate lawyers can assist with commercial leasing in several ways. They can negotiate the terms of the lease agreement, draft or review the lease agreement, and enforce the terms of the lease agreement. They can also advise you on your obligations under the lease agreement and help you resolve any issues that may arise. If you're considering leasing commercial property, it's in your best interest to work with an attorney and ensure you are protected throughout the process.