The importance of Commercial Lease Agreement

Rent Reduction

Before you get into an agreement for some commercial purpose there are certain important clauses that your Premises Commercial Lease Agreement should talk about. These clauses on the agreement help during times of dispute.

•There should be clear mention of the base rent that is being charged by you.

•Factors that are included in the base like water, electricity, property tax, etc, should be mentioned.

•Clear mention of the length or term of the lease should be there.

•You should also mention what is to be done when the term comes to an end

•The change of the rent price after the end of the initial should be mentioned in the agreement.

•The premises rented should be properly described in the agreement so that no unwanted encroachment in made by the tenant.

•If rented agreement is with some company the working hours for which the premises are allowed to be used should be mentioned.

•The Commercial Lease Agreement should also talk about what is to be done when the rent is due.

•Requirement of personal guarantees or security deposit has to be mentioned and the conditions on which tenant can get it back.

•There should be the exit clause which mentions the landlord’s rights and the conditions under which he can terminate the agreement.

Commercial Leasing Attorney

     Commercial Leasing Attorney

To execute such a commercial agreement you need the aid of a Finest Commercial Leasing Attorney. The attorney listens to why you are going into the commercial lease and plans the agreement accordingly. He guides you about how to get these legal paper works done. He sees whether the responsibilities of the landlord and the tenant are correctly mentioned in the agreement.

The Commercial Leasing Attorney fights with passion when his client is wronged by the tenant. The attorney goes to the extent of gathering evidence to make the case of his client strong. He fights for justice and fights till justice is met out. People are no longer scared of giving their space on commercial lease as they know that they have the leasing attorney as their best friend during times of need. Cases are not kept pending by these attorneys and they take their fees after they win the case. You can get in touch with leasing attorneys through the websites of law firms over the internet. They also provide you an estimate of their fees that they charge.