- Length of the lease: Your lease should clearly spell out how long the lease is valid, as well as explain penalties for early termination and option for renewal.
- Who is responsible for what: It is important to include in your lease terminology that explains which party is responsible for things such as repairs needed, renovations and other issues that affect your use of the space.
- Potential legal issues: You may benefit from terms that clearly outline issues such as subleasing, zoning for the building, permits and much more.
When you take measures to ensure your lease is thorough and clear, you reduce the chance of finding yourself in a complex legal dispute with your landlord in the future. Start with the right help The terms of your commercial lease will have a direct impact on your business. It is in the interests of your business to ensure the terms are fair, reasonable and allow for you to run your operations as you see fit. As you negotiate with a landlord, draft a contract and take other steps in the commercial real estate process, you likely will find it prudent to work under the purview of an experienced attorney who will fight for the full protection of your best interests.