With the rise of technology, it may seem like we’ve traded the physical office space for a cyber office space. However, many businesses still need a physical space to house their business, host clients, sell products, and run their business. But, renting a commercial space can be tricky, and there are many requirements and stipulations that you may not fully understand. Getting legal advice before you sign a commercial lease can help you save money and headaches down the road.
Legal advice for commercial real estate leasing
If this is your first office space and your first business, you may be hesitant to spend some of your money on legal advice. Many business owners wait until there’s a problem to enlist the help of a commercial real estate lawyer, but by that time, the issues could be tricky and expensive to resolve. The best use of your money is to hire a lawyer to help you negotiate a commercial lease so that you won’t run into legal trouble in the future.
Benefits of hiring a lawyer early
Hiring a lawyer to help you in the beginning stages of negotiating and signing a commercial lease for your business, will ensure that you have someone who is well versed in commercial real estate law, and can help you fully understand the contract you are signing. Unless you are an expert in commercial real estate law, chances are you’ll be confused by a lot of the language. Without a lawyer, you are more likely to be taken advantage of, because a landlord knows that you are not fully aware of what you are about to sign.
Understanding real estate law
Another benefit of hiring a lawyer who understands commercial real estate is that they will help you negotiate the best lease possible. Because they know the fundamentals, they will help you avoid being taken advantage of, and help you negotiate the best deal. Many people don’t realize how much they can negotiate into the contract, like moving fees and expenses, and renovations. You are even allowed to negotiate the security deposit. All terms of a lease agreement are negotiable, but you have to understand all the conditions to negotiate better terms. That’s where a lawyer can help.
Commercial real estate law presides over retail centers, hotels, apartment complexes, office buildings, or vacant properties planned for development. Sandstrum Law can help you negotiate and obtain the most favorable terms for your lease, that will allow your business to thrive.
If you want to start lease negotiations on the perfect property for your business, talk to a commercial real estate lawyer at Sandstrum Law.