Understand Before You Sign.
Commercial leases are legally binding agreements between landlords and tenants that define the rights and obligations of each party. Commercial leases apply to all kinds of businesses, from offices to warehouses. Even “standard” commercial leases are complex documents, that are filled with formal legal terms. Whether you are a landlord or a tenant, it is critical to understand what you are agreeing to before you sign.
Commercial leases cover more than just occupying a building space – they also determine what changes can be made to the property, such as signage, fit-out, and parking. All of these issues are governed by the terms of the commercial lease, which could be the biggest financial commitment in your life. Negotiating the best possible terms requires an understanding of the lease, the legal system, and the local market. At Cohen Lawyers, we are experts in all three.
We can help you secure the best possible price and terms for your new commercial lease. We can also assist in transferring commercial leases, as a lease does not automatically transfer to the new owner when a business is sold. You will remain liable for the rent and other obligations until the lease is formally transferred to the new tenant, if allowed.
Our team of experienced commercial lawyers will explain the process, identify and minimize risks, and give you the best chance of success. Let us help you navigate the complexities of commercial leasing so you can focus on growing your business.