A poorly negotiated lease might include excessive:
By choosing our expert legal services for your commercial lease review and negotiation, you safeguard your business against these risks. This proactive approach not only saves you money in the long term but also secures the operational flexibility your business requires to be successful and secure.
After review, we explain the key lease provisions and discuss their legal ramifications and options for negotiation:
It is important not to use your name on the lease but that of your LLC or corporation. While the landlord may require a personal guarantee, we aim to reach a compromise with the landlord such that the personal guarantee requirement is removed after a year or two of timely lease payments.
The business attorney always looks for ways for their clients to reduce their liabilities. One way of reducing liability is an option for an additional term. The option is highly beneficial for the tenant because the decision to exercise the option is solely in the tenant’s control. Further, we negotiate a set percentage of the rent that may be increased during the additional term.
A well-drafted sub-letting clause allows the tenant to retain flexibility. The ability to sublet your commercial space can be important when you need to generate additional funds and reduce costs. The cost of having us review your lease is usually less than a month’s rent on a commercial lease. Since many of these leases are for 3 to 5 years, the review is a small and smart investment.
