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What should be in a commercial lease?

On Behalf of | Jul 11, 2023 | Commercial Real Estate |

It can be difficult to find commercial property that is suitable for the specific objectives and goals of a business. After locating a suitable property in Florida that is within budget and fit for the operational needs of the company, the owner may feel a sense of urgency to move forward with the contract signing as quickly as possible. However, there is a significant benefit in moving forward cautiously and only signing a commercial lease after careful consideration.

The details of a lease agreement

Like any legal contract, a commercial lease is a customizable agreement, even though many landlords have pre-drafted contracts for their tenants. Whether negotiating an agreement or considering terms in a contract, it is important to look for the following details:

  • Rent – A contract should include details regarding the rent amount, what is covered by the rent, the potential for future rent increases and more.
  • Terms – The lease agreement should include details regarding how long the contract is valid and penalties for early termination.
  • Improvements and changes – A lease should also outline which party is responsible for repairs, remodels and changes to the property required by the tenant.

Without these and other critical details, a tenant could face unnecessary exposure to financial loss and other risks.

Help with contract negotiation

It may be helpful for a potential tenant to seek the guidance and support of an experienced Florida attorney when considering signing a commercial lease agreement. An assessment of the situation may help a tenant understand how to negotiate terms that are sustainable and reasonable. With a strong and thoughtfully crafted contract in place, both sides can feel confident about moving forward.