Leasing a commercial space comes with numerous benefits. First, leasing saves you upfront costs associated with purchasing and building a new office. Moreover, renting an office space allows you to try out a new location before committing to a purchase, and you have more flexibility when you want to change your business location.
However, if you aren't cautious, you can quickly get into a bad lease agreement that doesn't protect your business interests. And that's where a real estate attorney comes in handy. Discover some benefits of consulting a real estate lawyer during your lease.
Real Estate Attorneys Understand the Law
Real estate law can be complex, and if you don't have a legal background, it can be challenging to understand all the provisions in your lease agreement.
An attorney understands the real estate law better and can identify where your interests aren't protected. The expert will review your lease agreement, ensure all the terms are fair, and favor your business.
For example, if you aren't ready to commit to a long-term lease, you can trust your lawyer to negotiate for a shorter term. In the same way, if the landlord tries to trap you with a short lease term so that you can pay more, your attorney will handle the case for you.
Moreover, the landlord may try to make you pay fees you hadn't budgeted. For instance, the landlord may require you to pay for building repairs or maintenance fees, even if the previous tenant caused the damage.
A real estate attorney will help you identify any clauses that may be unfair or disadvantageous to your business so that you can avoid them. In some cases, the lawyer may negotiate with the landlord on your behalf to have the terms removed or amended.
Real Estate Lawyers Help You Avoid Disputes
In case of disagreements that necessitate claim filing, your real estate attorney will be able to represent you in court and protect your interests.
For example, suppose the landlord tries to evict you for breaking the terms of your lease agreement. In such a case, your attorney can help you prove that the landlord doesn't have grounds for eviction.
Similarly, if the landlord doesn't meet their part of their lease agreement or doesn't make necessary repairs, your lawyer can help you take legal action to force them to comply with the agreement.
Above are some instances where a real estate attorney helps you when leasing a commercial space. Don't wait until you have a problem to consult an expert. Instead, consult a real estate law firm before signing any lease agreement.Share
30 June 2022
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