Negotiating a new business lease can be difficult. From your point of view, you need to try and get the best deal possible by signing a favourable lease. However, the lessor will also be trying to get the best deal possible, by charging higher rent and making you sign a longer lease.
Commercial lease negotiations can become complicated if you’re not sure what you’re doing. It is therefore usually a good idea to employ a commercial lawyer to help you negotiate your lease. They will be able to read through any legal documents before you sign them, making sure that you haven’t overlooked anything that you’re going to regret in the future.
Here’s a few of the other ways a commercial lawyer can help you negotiate the best business lease possible:
They Will Be Able To Help You Work Out Fit-Out Costs
If you’re leasing an effectively empty building for your new business then you will need to fit it out somehow. Your lawyer will be able to facilitate discussions about this between you and the lessor, making sure that you get a favourable deal.
To begin with, it’s important to make sure that you’re actually going to be able to modify the premises to fit your business needs. Make sure that you get written permission for any modifications in your lease document before you sign it so that you’re protected in the future.