Securing the right commercial space is a critical element of most successful businesses. However, you should not sign any lease until you’ve had a knowledgeable real estate lawyer conduct a thorough review of the document. Without guidance from a seasoned professional by your side, you might run into problems that lead to unexpected costs and unwanted distractions.   

Hiring a qualified attorney when negotiating a commercial lease offers many benefits, such as:

• Clear explanation of terms — Lease language addressing rent, repairs, maintenance, insurance and termination rights can be difficult to comprehend, even for an experienced business leader. An effective lawyer cuts through the legalese, identifying hidden expenses, potential pitfalls and areas for negotiation. This way, you can be confident of the agreement's impact on your finances and operations.
•  Skillful negotiation — Rental agreements for business properties often involve a wide range of negotiable points beyond the cost and term length. You might require a strong negotiator for escalation clauses, subletting rights and assignment options. Whatever your situation demands, having counsel by your side can help secure the best possible terms for your specific needs and market conditions.
• Assistance with lease revisions — Leases often include "boilerplate" clauses favoring the landlord. With an experienced attorney, you can even the playing field and press for changes that align with your interests. By drafting clear, thorough provisions, your lawyer gives you the best chance to finalize an agreement that reflects your objectives as well as the landlord’s.
• Insight on potential consequences — Once you sign your commercial lease, you are bound by its terms, possibly for several years. An attorney well versed in these matters can anticipate potential problems and eliminate them before the deal is completed. For example, they can clarify ambiguities relating to renovations, expansions and early termination, possibly preventing future disputes.

Strong legal counsel during a commercial lease negotiation acts as an insurance policy against costly mistakes while pursuing the best possible terms for your business.  

At Stanford Law in New York City, we provide comprehensive legal support in matters relating to commercial leases and other corporate real estate concerns. To learn how we can help you, please call 800-880-7036 or contact us online.