Leasing space for your business seems like it would be easy, but in reality a commercial lease can be very complex. It's also a good time to bring in a business attorney like William L. Morris to help get the best possible lease.
There's More to a Commercial Lease than Price per Square Foot.
Your commercial lease starts with a price per square foot. But there's much more to come. Other costs that you need to negotiate include:
- Common Area Maintenance. Walkways, hallways, parking lots and more are considered "common areas" for all tenants of the building.
- Utilities, repairs, taxes. These are often pro-rated depending on the percentage of the building you are leasing.
- Term of the lease. How long are you committed?
- Build-out. Depending on your business needs, customizing business space can be very expensive.
Commercial Lease Negotiation
Agreeing to pay for a share of the repairs on an older property might not be a wise decision. But paying a higher rate per square foot might be a good choice if the landlord will pay for a build-out.
Having an experienced business attorney who understands negotiating a commercial lease can save you a significant amount over the term of the lease.
Your Initial Meeting with a Business Attorney is FREE!
We know finding a business attorney you can trust to help you with your business isn't easy. You need to learn about the attorney's abilities and see how you fit together. I offer a free initial telephone consultation. Use it to check us out and to get some free advice. We're confident we can help you, whether you're just getting started, selling your business or something in between.