Costly Lessons in Commercial Leasing
The growth of a small business takes place over time and is dotted with a series of important landmark moments and decisions. In the early stages, a company’s so-called place of business may be limited to a post office box or to the corner of a room in your home. But as the need arises for more storage space, retail frontage, or an environment in which clients will feel comfortable interacting with you and your employees, it may become necessary to seek a commercial space for lease. Putting your name on the dotted line can feel like an important victory, but do so with caution.
Your business’s prospective landlord has surely crafted a legal document that, though it may claim to be fair, contains some provisions that are decidedly self-interested. Do not enter into a commercial lease agreement without fully understanding the terms of the contract. Contact the Des Moines business lawyers of LaMarca & Landry, P.C. today at 877-327-2600 for the assistance that you need.
Points of Interest
In a perfect world where you had the time, it would be advisable to never sign any sort of agreement without consulting a skilled and experienced legal professional. Practically speaking, though, it would be impossible for you to comb through the text and fine print of every document, and even if you did, you may not fully grasp the effect of some of the more obscure legalese. Some elements that you should pay particular attention to are:
- Length of the lease
- Rent amount and rent increase provisions
- Subleasing and assignment clauses
- Responsibility for repairs, maintenance, and structural issues not disclosed at the time of signing
Let us help you avoid making a potentially costly mistake by signing an unfair lease agreement. Contact the Des Moines business lawyers of LaMarca & Landry, P.C. today at 877-327-2600.