However cliché it may be, one of the keys to a successful business is location, location, location. Businesses that are starting out probably will not be able to afford to purchase the facility they need, so they need to look at other options. Whether it is a retail space, manufacturing, office, or even a car lot, there are many facets to consider when leasing a space for a business.
How long is the lease, and who is responsible for the landscape maintenance? Do you have adequate use of the parking facilities? Are you responsible for water leaks? The general, albeit misguided, notion may be, “Hey, it’s the landlord’s problem.” But that is not always the case, depending on what the lease says. As a lessee, you want to be as protected as possible and make sure you are not stuck in an agreement that may harm your business.
Conversely, if you want to lease space to a business, you need to make sure that the lease agreement they sign is constructed in a manner that minimizes your liability. Having a lease agreement drafted by an experienced business attorney will afford you the peace of mind to know that you are protected, personally and professionally, while still maximizing the income potential for your property.
If you contact us today, Fresh Legal Perspective can review, negotiate, or draft your commercial lease to help your business secure its place on the market.
This portion of the site is for informational purposes only. The content is not legal advice.