Numerous business owners have to rent physical space or a venue to accommodate their business activity. Renting a space requires the drafting of a commercial property contract. Often the legal terms of a contract are confusing and business owners frequently resort to the services of a real estate lawyer who will help them better understand the contract’s legal conditions.
in the U.S., commercial real estate laws are very simple – the landlord has all rights and almost no obligations. It’s up to the tenant to know how to protect himself/herself.
You should consult an experienced real estate lawyer who will evaluate your contract and assist you in drafting it in such a way as to best protect your rights.
The landlord typically is the one who produces the contract, so he/she is already a step ahead of you in terms of knowledge about contract conditions. He/she has probably has hired legal assistance to draft the conditions. That’s why it’s very important that you also hire a legal counselor to review the commercial real estate contract from your side.
Negotiating a contract is a very important part of your commercial rental process. You need to hire an experienced real estate lawyer to assist you in negotiations. Hiring the right real estate lawyer can save you lots of time and expenses. The right lawyer will also help you negotiate a better deal.
Your attorney will also be able to anticipate potential legal issues that may come as a result of the deal or the contract conditions themselves.
For more info, contact our contributor Genilde Guerra at [email protected] or +1.305.372.0222