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Make Sure You Can Answer These 11 Questions Before You Sign That Commercial Lease


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Commercial tenants are not afforded many of the basic legal protections provided to residential tenants. So before you sign any commercial lease make sure you can at least answer these questions. Of course, given the monetary investment and overall risk involved, you should consult with an attorney.

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Make Sure You Can Answer These 11 Questions Before You Sign That Commercial Lease

  1. 1. What You Need to Know Before You Sign That Commercial Lease Mitchell M. Hecht, Esq. Principal, Hecht Law Group Congratulations! Your hard work continues to pay off. Your business is expanding and you need to rent a commercial space. The location is perfect and you can afford the rent. But before you sign that 15 page lease make sure you can answer these 11 questions: 1. Does the landlord have the legal right to rent you the space? 2. Does the landlord have a bad reputation? 3. When does your tenancy begin, and what happens if the landlord doesn't or can't provide possession? 4. If you need to adjust (a.k.a. “build-out”) the space who's responsible? How will it be done? And by when? 5. Is the space in good repair, and who's responsible if something breaks? 6. Is the space in compliance with all applicable laws and regulations? 7. What happens if you or the landlord break (a.k.a. default under) the terms of the lease? 8. Under what circumstances can you end your lease before the end of the term? 9. Can you assign your lease or sublet your space? 10. Under what circumstances can you extend the term of your lease? 11. Under what circumstances will the landlord return your deposit? There is a lot more to consider, but at a minimum make sure you can answer these 11 questions. Additionally, it is always best to consult with an attorney. Disclaimer/Attorney Advertising The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established. Copyright 2017 Hecht Law Group