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What terms should be in a commercial lease?

On Behalf of | Dec 1, 2023 | Commercial Real Estate |

It can be difficult to locate a commercial property that is suitable for the needs of a business. Commercial property in Florida tends to be expensive, and finding a storefront or property that is suitable in location, price and function is critical. Upon finding the ideal location, it can be tempting to move forward with signing the lease as soon as possible. However, before doing so, it is important to know what is and should be in a commercial lease agreement.

The fine print matters

The fine print of a commercial lease matters. These terms can affect how a business operates and how it can utilize the building and property. A commercial lease is different from a residential lease in many ways, and it is critical to first carefully vet the landlord to determine that he or she is reputable and knowledgeable. It is also important to determine whether the location and type of building is appropriate for the specific business.

Before signing a commercial lease, a careful review of the terms is important. In the contract, there should be details regarding the rent price, potential rent increases, cost of utilities, penalties for early termination and more. The terms of a commercial lease agreement can be negotiable.

Protecting long-term interests

When considering a lease of commercial property, it is helpful to have experienced guidance from a knowledgeable professional. An assessment of a commercial lease can prove beneficial as one considers the terms or negotiates for certain inclusions. A Florida business owner can protect his or her interests by being cautious and thoughtful before moving forward.