Why You Should Have An Attorney Review Your Commercial Lease
So, you have found the perfect place to start your business, but you are wondering if you should have an attorney review your commercial lease. Or you are not entirely satisfied with the terms in your lease and you are wondering if you should have an attorney give it the once over.
Your Landlord Knows More Than You DoAnd do not doubt it either. He does know more than you. When you start the negotiation process for the lease, your landlord is already miles ahead of you. Why? Because the lease you are going to sign is his document. And it was written to favor him in every manner legally possible.
Your landlord has most probably relied on several lawyers to draft a lease agreement that will protect him in all the right places. This ensures that they start out on better footing. If you do not have the benefit of legal counsel on your side, you may find yourself on very shaky ground.
Your Attorney Can Help You Get A Better DealThe essence of negotiating an agreement is for each party to get the best deal they can possibly get. However, it will be very difficult for you to do this on your lease when you can barely understand the terms of the thing.
Having a qualified real estate attorney on your side will quickly remove this deficiency. You would have the benefit of advice on items that would not have been readily visible to you and this can seriously prop up your bargaining hand.
There are a lot of crucial terms that are usually obscured in dense legalese. Your attorney is trained to spot these terms and can isolate and hash them out so they either favor you or do not favor the landlord too much.
Most important, your attorney can anticipate potential issues that will need to be provided for in the lease. For instance, it may be necessary to work a dispute resolution structure into the lease so that you can avoid a lot of stress and wasted energy when disputes arise.