Commercial leases are complex in their nature, as they are the legal “manual” of tenant’s rights, responsibilities and obligations for the location. Often times, the tenant lease can determine the future of their business. In addition to the major monetary points like rent, common area maintenance charges and tenant improvements, leases cover other crucial items:
Whether the landlord uses a standard lease or has one written by an attorney, all items in the lease are negotiable. It is the tenant’s responsibility to protect their own interests. Hiring an attorney to do a lease review ensures that you understand your rights and your obligations and, most importantly, you are not signing a document that will hold you liable for items you should not be liable for. A lease review is an especially smart practice for tenants, who have personal and business assets to protect.