Why waste time and risk unnecessary money reviewing your commercial lease? Unlike standardized residential real estate contracts, commercial leases can vary dramatically. One thing is usually the same, however, it is presented and drafted by the landlord for their benefit, not yours. This means much of the contract may not be favorable for you and may have detrimental repercussions for you as the tenant once your lease begins. Often the commercial leases involve pages and pages of technical and legal terms that bury the essential terms you are familiar with.
All terms are negotiable on a commercial lease so do not miss the opportunity to work in terms that benefit you!! You do not have to accept a lease as the landlord provides it to you as is.
Do not bother with the hassle of doing a commercial lease review on your own, the Curry Law team can assist in streamlining your lease review process by:
- Reviewing the lease for accuracy and ensure the terms you discussed are reflected in your contract
- Evaluate CAMs. Common Area Maintenance can skyrocket for a building that is not efficiently maintained. By working to ensure the calculations and expected increases are management we work to save you money during the duration of your lease and prevent unforeseen expense from popping up.
- Negotiate in meaningful terms: Provisions like personal guarantees and exclusivity agreements can have a big impact on your business. Work with a legal professional fighting to ensure you are getting the best of terms possible for your lease
- Cost/benefit analysis: Does it make more sense to take a lower initial rate if you also accept less in tenant improvement allowances? This and many other variables can counterbalance each other in a commercial lease. The Curry Law Team works to make sure the impact of the various terms are considered and applied to your particular situation.