Yes, definitely.
We’ll go into the specific reasons why in this article, but for now, we’d like you to know that entering into a commercial lease is a significant decision for your business. It’s not just about finding the right space to start your dream. It’s also about making sure the terms align with your business goals and interests. More importantly, it’s about making sure the lease meets your needs now, and will continue to meet your needs in the future.
Commercial lease agreements are more complex than residential ones, and they involve various legal and financial issues that can impact your business in the long run. If you’re about to sign a commercial lease, or if you have questions about the future of your business, reach out to Wallach & Associates, P.C. today.
Legal Clauses in Commercial Leases
An important thing to remember about any commercial lease agreement is that the legal clauses may not be immediately obvious. These clauses can cover vital aspects of the deal, such as the conditions for termination, specifics about rent increases, and responsibilities regarding maintenance or repairs.
Without a clear understanding, you might find yourself in a lease with restrictive terms that hinder the future growth of your business. For instance, some leases may contain clauses that limit your ability to modify the space to suit your company’s needs. Your real estate attorney will comb over these overlooked details and provide you with an accurate assessment of the lease based on your goals for the future.
Negotiating Better Terms
Negotiating a commercial lease agreement isn’t just about setting the rent. It involves several important considerations that can impact the future of your business. New or expanding businesses need flexibility in their lease agreements in order to grow. Landlords and rental agencies, on the other hand, want guaranteed stability year after year.
The length of your lease and your options for renewal are key terms that should be negotiated carefully at the start. As your business grows, you’ll find your options for making improvements or renovations become increasingly more important. Our experienced real estate attorneys can help ensure that these terms are negotiated in a way that offers you flexibility and your landlord security.
Protecting Your Interests in Disputes
Disputes are common in all of these aspects of a commercial lease. The problems arise when legal clauses contain wiggle room. Conflicts over property use often stem from differing interpretations of the contract, and unclear lease terms are what cause differing interpretations.
Commercial leases can also include less common aspects like zoning laws, environmental regulations, and compliance with the Americans with Disabilities Act (ADA). These factors can significantly impact your ability to use the leased property as intended for your business.
Partner with Wallach & Associates
At Wallach & Associates, we’re committed to guiding you through every step of the commercial leasing process. Our expertise in real estate and business law ensures that your lease agreement aligns with your business objectives and legal requirements.
Call us today at (314) 308-2900 to ensure that your lease serves your business both now and in the future.
