The attorneys at Friedman Schuman have decades of experience representing investors, businesses, and developers in all aspects of commercial leasing. Whether this is your first venture into commercial leasing or you consider yourself a seasoned professional, it is important to have strong legal guidance every step of the way when leasing commercial property. There are many different types of commercial leases, so it is essential to have an attorney who can make sure you are getting the best lease for your situation. Our team routinely represents regional and national landlords and tenants in a variety of leasing transactions, including build-to-suit leases, retail leases, turnkey leases, ground leases, subleases, office leases, and warehouse and industrial leases. No matter the size of the company, our attorneys are committed to helping clients complete transactions without putting their business at stake. If you need strong legal representation in a commercial leasing matter, contact Friedman Schuman to schedule a consultation.
Types of commercial leases
An effective attorney can help you determine which options are best for a potential lessee to ensure they do not run into any legal issues.
- Percentage Lease: Often used for retail leases, this lease requires a base rent payment and a percentage of the monthly sales to be paid to the landlord.
- Net Lease: This option can be used for any commercial lease and requires a tenant to pay rent, some or all taxes, maintenance, and insurance.
- Gross Lease: Often used for office and retail leases, a landlord will charge higher rent but include the costs of taxes, insurance, and maintenance.
- Double Net Lease: Tenant is responsible for only rent and insurance
- Triple Net Lease: Tenant is responsible for all rent, insurance, and maintenance
Attorney’s role in commercial leases
Many wonder if it is truly necessary to obtain the help of an attorney when signing a commercial lease. Tenants might find themselves regretting the decision not to have a lease agreement looked over by an attorney before signing it. There are many legal issues that can arise such as landlord/tenant disputes that could have been avoided if an attorney was involved from the beginning. Before signing a commercial lease agreement, it is important to have an attorney look over factors that may include:
- Whether the terms of the lease are accurate on the contract
- Confirmation of rent and other financial obligations such as taxes, insurance, and maintenance
- Other space of the premises the tenant can use such as parking lots, etc.
- Rights regarding termination of the lease
- Risks associated with the lease
Contact an experienced Montgomery County commercial leasing attorney
If you are a prospective tenant looking into a commercial lease, it is important that you consult with an experienced real estate attorney who can make sure your rights are protected. It would be quite unfortunate to get stuck in a bad lease agreement because you failed to consult with an attorney. If you have questions about commercial lease agreements, contact Friedman Schuman to schedule a consultation today.