For a businessman or businesswoman, a lease signed for the business is among the most essential documents he or she will ever create. This is true no matter how big or small the company. Understanding what is typically included in commercial leases can help one to be prepared to negotiate one in Los Angeles and elsewhere in California.
First, a commercial lease sets out the parties involved in the agreement as well as the rent that the tenant will owe. It also outlines the time period that the rent will cover. The lease furthermore emphasizes that the landlord has agreed to let the tenant occupy the particular business space.
The commercial lease further includes the conditions and terms with which the tenant has to comply. Any extra agreements concerning improvements, maintenance and amenities, such as parking, can also be highlighted in this type of document. As renting a property for a business is one of a business owner’s biggest expenses, combing through every part of a commercial lease is paramount before signing on the dotted line.
The landlord usually offers a standard lease to a potential tenant at the outset, but these types of commercial leases are usually drafted in such a way as to favor the landlord. Using a standard lease is simply a negotiating tactic used by the landlord. An attorney can help one to ensure that the lease one negotiates and ends up signing is actually in one’s best interests long term in Los Angeles and other parts of California.
Source: findlaw.com, “Commercial Property Lease Agreement“, Accessed on Jan. 26, 2017