Do I Need a Lawyer When Signing a Commercial Lease?

Signing a commercial lease is a big decision. This is why we suggest having an experienced New York City commercial lease dispute lawyer by your side when you finalize this agreement. We can help ensure that you know exactly what you are getting into, and we can help you head off any potential disputes later on.

What Are Some Important Terms of a Commercial Lease?

When you sign a commercial lease, you want to make sure that all of the important matters are accounted for. This can include:

• The length of the lease
• Who is responsible for certain costs, like taxes, repairs, or insurance
• Which party is responsible for repairs or maintenance
• How you can use the space that you lease
• When a lease can be terminated or renewed

When you have all of this information, that can help reduce the chance of a major conflict coming up later.

What Are Some Common Sources of a Commercial Lease Dispute?

There are so many ways for conflicts to arise when you lease a commercial building though, so it should not be a surprise that some problems can come up even when you have a contract that has been closely looked over and approved by all parties involved. Common sources of commercial lease disputes can include:

• Rent increases
• Disagreements relating to repairs
• Subletting rights
• Expenses relating to the maintenance of shared spaces, including parking lots and lobbies

Most of these issues can be addressed in an initial lease agreement, but sometimes situations can change. A landlord could see that maintenance and repair costs are more than expected and decide that tenants should share some more of the burden. A renter could decide to sublet their space to someone else, but there was no clause about that in the initial lease agreement. A lawyer can help you solve such problems when they come up.

How Can a Lawyer Help?

When you sign a commercial lease, a lawyer can help you review each part of it to make sure that you and the other party are on the same page. If there is a disagreement, it’s better to spot the problem now and fix it. Your lawyer can also help with:

• Negotiation of key parts of the contract
• Give advice that is tailored to your specific situation and agreement
• Represent you in court, if needed
• Suggest alternate forms of conflict resolution, like negotiation, arbitration, or mediation

We are here to help you solve any problems that you encounter, preferably before they become larger issues.

Contact Our Law Firm Today

So if you are ready to make any kind of major real estate transaction, contact Robert Rosenblatt & Associates. We can schedule a consultation and tell you more about what our attorneys can do to be of assistance.