Commercial leases are substantially different than residential lease agreements and what you don’t know about them can really hurt your business if you don’t work with an experienced attorney. There are a number of items that can be negotiated on a commercial lease, including the term, costs in addition to rent and renovations. A Real Estate Lawyer in Warrenton can ensure that any lease you sign is in the best interest of your company.
Your lawyer may assist you through all the steps of the commercial lease process, starting with your search for a suitable property for your business. An attorney who is familiar with the commercial real estate market may be the best person to give you advice about which property is best suited for your business and which landlords might be more open to the concessions you need. A Real Estate Lawyer in Warrenton may help you determine which concessions are not negotiable and which ones you may be able to do without in order to move into a prime property.
After you’ve decided which properties you want to persue, your attorney may make contact with the landlord on your behalf. Some experienced business owners handle this step of the process themselves, though, and only involve their Real Estate Lawyer in Warrenton when they need assistance with the negotiations or for their lawyer to look over the term sheet. Whether you need help all the way though the process or just when there is an issue, it is vital that you allow your lawyer to look over your lease before you sign. A mistake on a commercial lease could be incredibly costly to your business.
If you don’t already know a good Real Estate Lawyer in Warrenton, be sure to take your time in choosing an attorney before you start talking to landlords about commercial leases. Your attorney can make sure you understand the specifics of a real estate lease so you aren’t confused by the industry jargon when you talk to the landlord. If you need him or her, your attorney may gladly sit in on all of your negotiations with your potential new landlord.
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