Negotiation, Drafting And Review Of Commercial Leases

For many businesses, the right lease can be crucial for success. Whether you are a retailer seeking that perfect location to attract shoppers or you are looking to rent premises for a machine shop, the expense of your commercial lease needs to be justified by the benefits of the location. If you are a landlord, you need steady tenants producing a reliable income stream.

Whether you are a business seeking to lease premises or a landlord putting them on offer, your lease agreement represents a substantial business asset. At Schlueter Ecklund & Davitt, our goal is to ensure our clients get the benefit of clear, enforceable leases that protect their interests and promote their profitability.

Our attorneys have more than 100 years of combined legal experience, and we have built our firm by committing ourselves to obtaining optimal results while providing exceptional client service. We have the knowledge and experience to counsel commercial landlords and business tenants on every aspect of commercial leasing and to represent them in any dispute. To discuss your legal needs, call our Rockford office at 815-516-8264 or contact us through our email form.

Negotiating And Drafting A Clear, Effective And Favorable Commercial Lease

With fill-in-the-blank lease forms widely available on the Internet, you might be under the impression that there is little room for negotiation in commercial leasing. This is far from the case. In fact, using a cookie-cutter form is never advisable when the outcome affects the profitability of your business.

There are a wide variety of terms open to negotiation in commercial leases. Some options will be more favorable to you than others, but this does not necessarily mean they are automatically unfavorable to the other party. In fact, a well-drafted lease undertaken in good faith by both sides can easily become a win-win situation. Your Schlueter Ecklund & Davitt lawyer will ensure you understand all of these options, including:

  • How rent will be determined and when it will be paid
  • Rules for renewing or terminating the lease
  • Responsibility for maintenance and repairs
  • Requirements for signage, hours, employee access and parking
  • Limitations on renting to competing businesses
  • How rent or other terms can be changed over time
  • Financing issues
  • How contingencies such as property foreclosure affect the duties of the parties
  • Procedures for handling nonpayment of rent and other lease violations

Contact Schlueter Ecklund & Davitt Now To Discuss Your Commercial Leasing Needs

Whether you are a business owner seeking to lease property or a landlord seeking to offer some, a quality lease agreement can spell out your rights and responsibilities and prevent disputes from arising. A real estate attorney from Schlueter Ecklund & Davitt can help. Call our Rockford office at 815-516-8264 or use our online email form to contact us now.