There are some aspects of a commercial lease that make it significantly different from a residential lease. For one thing, a commercial lease tends to last longer and is more difficult to get out of than a residential lease. Commercial leases also tend to have less consumer protections. In terms of negotiating, commercial leases tend to have a lot more flexible terms that can be negotiated and worked out between the parties.
There are numerous provisions you should examine, including:
Many times business owners will miss one or more of the legal formalities in a lease that could make all the difference later on. It's important to consult with an experienced property attorney before you sign a lease for your business. A property lawyer can help you understand all the provisions of the lease and help you negotiate for the terms that would best suit your business.
Last Modified: 09-03-2013 04:53 PM PDTLaw Library Disclaimer
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