Navigating your way through a commercial lease can be tricky. But it is important to take the right steps because oftentimes a businesses’ office space or storefront can be their biggest expense.
Here are a few tips to help you navigate through the process.
Don’t accept a verbal agreement. We understand that this may sound obvious but we have run into this issue many times. If it is isn’t in writing it usually isn’t defensible in court.
Only sign-up for a reasonable lease term. It is important to negotiate a term that you are comfortable with and don’t accept an offer for a longer term that you want.
Determine who pays for what. Some lease agreements include extra costs, such as HOA fees. It is important to determine up front what you will be paying for.
Don’t sign the lease without good advice. Don’t make the mistake of signing a lease before contacting your legal team, do it the right way and contact the Premium Law Group today!
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This information is provided for informational purposes only. It is not legal advice and does not constitute an attorney-client relationship.