There is no "Standard" Commercial Lease: Commercial Leasing

     A commercial lease is different than residential leases with regard to many issues. Commercial tenants are presumed to be sophisticated and not requiring as much protection from the law, and thus, rights given to residential tenants often do not apply to commercial tenants. In addition, Landlord's typically have the leverage in the commercial lease situation, hence the importance of commercial tenant taking steps to protect her/his/its interests. 

     Here is a summary of steps that typically apply to commercial leasing:

1. Hire a competent real estate agent to help you find property that is right for you.   Make sure you and the agent are clear on who will be paying the broker.

2.  Have an inspection of the premises. 

3.  Obtain advice of experienced business lawyer, to review the commercial lease and to provide you with information so that you may have a good understanding of the terms of the lease.  Note, generally, with a commercial lease, if its not in writing its not part of the deal.

4.     Use the preventative approach versus the remedial approach, as it is much more expensive to fix a problem than to avoid one. 

For more information, click here:  Commercial lease

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