Should an Attorney Prepare Your Commercial Lease Agreement?

Commercial leases are NOT the same as residential leases just as commercial buildings are not the same as residential neighborhoods. Brandon Loshak, an attorney in Florida, recently wrote a blog post on lawyers.com advising business owners to make sure a qualified attorney reviews their leases.  

Loshak says “One of the most common mistakes people make in Florida real estate transactions is assuming they can handle the legal and financial technicalities on their own. This is often based on the misconception that doing so will save time and money, however nothing could be further from the truth – especially when it comes to commercial lease agreements.”

And he is correct. Our own landlord/tenant matter legal resource Dean Sperling gives some important reasons why an attorney should prepare (or at least review) your commercial lease:

  1. Lease language can be tricky and nuanced. It takes experience and leverage to make sure everything is in your favor. 
  2. Commercial leases don’t protect the tenant like consumer leases.  You don’t want to find this out by accident. 
  3. Commercial leases are usually pretty long-term and binding.  Again, it’s important to know what you’re signing and think it all the way through. 
  4. California commercial leases have required language concerning the Americans with Disabilities Act with certain rights accruing to the tenant if the disclosures are not correctly followed.
  5. Commercial leases can contain some hidden expenses. Having an attorney draft, review or amend yours ensures you are protected.  

As we often say on this blog, disputes are everywhere, but one good way to make sure they don’t affect you when it comes to your landlord/tenant matter is to bring in Dean Sperling to review or amend your commercial lease. Dean will make sure your matter is resolved with YOUR best interests in mind! 

More on the case:

https://blogs.lawyers.com/attorney/real-estate/why-you-should-have-an-attorney-prepare-your-commercial-lease-agreement-58634/