As a Florida business owner, you know how difficult it can be to find commercial space that is beneficial for your company needs and your budget. Finding the right place for your business is just half the battle – you will then need to negotiate a commercial lease. Commercial tenants have more leeway than residential tenants to negotiate specific terms before signing a lease agreement.
Before you sign, it is important to carefully review the terms of your agreement in order to ensure you are not exposing yourself to financial or legal risks. You may also find it necessary to pursue specific terms that could be important for your individual business. You do not have to navigate this important and potentially complex process on your own.
What should be in your lease?
The terms of your lease will directly impact your business for years to come. It is prudent to be fully aware of what you are agreeing to before you sign, and it is smart to take advantage of the option to negotiate on specific things you need for the best interests of your company. Some provisions that should be in your contract include the following:
- Your lease should be very clear on how long the contract will be valid. It should also include language pertaining to renewal of the lease and penalties for early termination.
- A commercial lease should include terms that deal with liability and financial responsibility for repairs, renovations and issues with the commercial property.
- Your lease should also clearly spell out issues related to rent amount, possible rent increases and more.
Often, commercial tenants are unaware of the fact they can negotiate on their leases before they sign. You may find it beneficial to reach out to the landlord regarding a potential discussion over your agreement before you obligate yourself to a potentially unfair and unsustainable agreement.
What can you do to protect your interests?
Your goal as a business owner is to protect your interests in every contract and transaction. As you navigate matters related to real estate, you may find it beneficial to start with a complete evaluation of your case.
If you believe that negotiation of the terms of your agreement is a smart choice, you would be wise to do so under the knowledgeable guidance of an experienced attorney. When it is your business interests on the line, you do not want to leave anything to chance.
