Best Family Law Attorneys in Southfield, MI

Common Issues with a Commercial Lease When it is time for your business to find a new space, or you are seeking a new tenant for your commercial space, it will soon be time to sign a commercial lease. Too many people use the same lease agreement over and over, or they might sign a lease presented to them without reading the terms closely. It is important to not only closely review any contract you sign, but also to have an experienced commercial real estate lawyer in Boca Raton review your lease. There are many issues that might arise with a commercial lease if you sign the wrong agreement, and such issues can include the following: ● The lease does not accurately describe the space in question. If you reuse an old lease agreement, the property description - and, therefore, the rent calculations - might be inaccurate. ● The lease might restrict how a tenant can use the property. Some commercial landlords prohibit tenants from engaging in certain activities or conduct on the premises. This can cause a problem if a prohibited activity is critical to a tenant’s business operations. ● There are excessive common area maintenance (CAM) fees. Many commercial landlords pass on high CAM costs to tenants, which can significantly impact a company’s bottom line. ● The termination terms are not suitable. If a landlord has the ability to terminate a lease early, it can put a tenant’s entire company in jeopardy.