If you own commercial real estate, it can be a lucrative investment for years to come. Often, if you find the right tenant, you might have a lease in place for an extended period of time. However, it is highly important to ensure you negotiate and ensure you have the properly drafted lease agreement for each and every different property. Failing to do so can result in unexpected losses and liability, as well as the loss of tenants.
Most landlords have standard leases they use, or they may be tempted to purchase a pre-written lease from the internet. The problem is that every commercial space is different, and so is every commercial tenant. This means that boilerplate terms of a standard or previously-used lease often will not cover the bases for a new lease arrangement.
It is critical to have an experienced commercial real estate attorney review each lease and draft new and adapted terms as necessary. This will protect you from unnecessary liability and can help preserve long-term lease agreements with each of your properties.
Signing a lease is a big deal for many business owners, as it is a highly important decision for their success. For this reason, certain terms or conditions of a lease agreement may cause a business owner to pause when considering your property. Having the representation to advise you on lease negotiations for terms that will both protect your interests and attract quality tenants can be invaluable.
The Yudien Law Firm, P.C., handles every aspect of commercial real estate transactions, including lease drafting and negotiations. Call us at 925.472.0600 or contact us online to discuss the many ways we can assist commercial property owners like you today.