Our section on understanding commercial leases provides more detailed information on each of these topics – you familiarize yourself with them before negotiations begin. Once a property has been identified, the agent will help you negotiate a commercial lease. Negotiating a series of “heads of conditions” (a document drawn up at the beginning of a transaction explaining the terms agreed between the parties) is essential and gives you the opportunity to negotiate the best deal available. It is important that all the requirements you have are taken into account here – it will be much more difficult to negotiate additional concessions once the terms are finalised and the lawyers are mandated. TIP: Although a lease may be presented as “standard,” you can, if necessary, negotiate changes to this type of contract. We will work hard to find out what is most important to you, so that we can meet your expectations and exceed them. We will strive to reach your deadlines, but we will always be honest about the realism of these deadlines. With expertise in many areas of commercial real estate, from shopping malls and dental practices to warehouses, garages and offices, we can help. You will naturally focus on the needs of your business; The location of the premises and how much space will be appropriate for you, your employees and your customers, but you must also consider the content of your lease, as they can make or break up your business. Imagine signing a lease for your dream property to discover that you can`t make the changes you want due to planning constraints. Long planning problems can delay or derail your business plans.
Avoid this spell by examining what authorization is required before signing the lease. As a start-up, you don`t know which way your new business will go. You can see that business is growing rapidly and that you need more premises quickly to support such growth. Conversely, you may find that things are not going so well and that you no longer need as much space or you want to complete the rental in its entirety. It is therefore important to maintain as much flexibility as possible. It is advisable to try to negotiate a tenant only at a specific point (for example. B after three years of a five-year lease period) or, better yet, a break fee that gives you the option to terminate the contract at any time after a specific date. With commercial real estate experts on your site, make sure you get the best rental terms for your business. Our publication How to negotiate your way to a better retail lease takes a closer look at these issues. At Goldstein Legal, we use our know-how to achieve rental conditions that match your business goals and priorities.
We support you throughout the negotiation process and provide them with basic legal services that allow your business to prosper. A “full repair contract” means that you are responsible for all repairs to the property by heart. These include the structure and all the transformation work. As a tenant, you should ideally only be responsible for interior maintenance. The lessor should be the one responsible for the overall maintenance of the structure. The search is over – you have found a commercial property that you want to rent. It crosses all (or most of them) boxes, meets your needs and provides a growth space. Now you`re probably looking forward to moving in and getting back to the bottom of things. First, there is the important task of negotiating the commercial lease. Before you start negotiations, you are looking for financial advice on how much you can afford to rent the space. You should also consider the terms of the lease and what you are willing to accept.