Signing a commercial lease is similar to signing a residential lease, although far more regulations and rules exist when a business contract is signed. There’s also more risk when you sign a commercial lease. It is always a good idea to hire a commercial lease attorney geyserville ca specialist to help with this process.
Commercial leases are designed for business use. Business owners are not awarded the same protections that residential lease holders get. Additionally, the lease is signed for the soul purpose of conducting a business. Your privacy may not be as greatly protected as it would be during a residential lease.
You may also find a commercial lease negotiable, whereas a residential lease is not. Negotiations may become necessary if you’re unhappy with the rent amount, the condition of the property, or other factors. It’s always a good idea to hire an attorney to help you with any type of lease negotiations.
Although some commercial leases are signed for a period of one year, this is not always the case. In fact, most commercial leases are signed for several years at a time versus for one single year. This is another big difference you will note when signing into a commercial lease. If you aren’t prepared to stay in business for several years, think twice about signing such a lease, since you may be held liable for the entire rental amount for the lease period.
An attorney helps you any part of the commercial lease that you need assistance with. He’ll ensure that you are entering into a legal contract that is beneficial for both parties. He helps prevent mistakes and errors that can cost your business. An attorney makes sure you sign the lease with confidence.