Commercial Property Rental Concerns That Might Require Help From An Attorney
When you will be renting commercial real estate, the last thing you will want is to find yourself in a dispute with the real estate owner. However, there are unfortunately several types of conflicts you might have that may need to be sorted out with the help of a commercial property real estate attorney.
The Terms of Your Lease
The terms of the lease will provide you with information on the rights and responsibilities of the tenant and the landlord. Therefore, you will want to have the lease reviewed by your commercial property real estate attorney so you can verify that the lease will meet the needs of your business.
Repairs and Maintenance
The landlord might be responsible for maintaining the property and performing maintenance or this might be the responsibility of the tenant. If there is a dispute over which party is responsible for performing repairs, you'll want to consult with a commercial property real estate attorney about it.
For example, if the landlord is responsible for making repairs, but has not done so yet, you will want to consult with a lawyer regarding the best possible steps you can take. By delaying making repairs to your building, you may miss out on valuable business and the lack of repairs might also damage your reputation. However, you might be able to negotiate a solution such as having the repair costs deducted from your rent.
Damage to Your Rental
If you are considered to be responsible for damage that was done to the commercial real estate, your landlord may expect you to pay for the damage or might choose to take legal action. You'll need to speak with an attorney who will help you craft a solid defense and will represent you in court if this is necessary.
Threats of Eviction
When you are not able to resolve a dispute with your landlord, the incident might rise to the level of an eviction. You might be more likely to face eviction if you do not know what the proper procedures are for handling a dispute with your landlord. Therefore, you will want to discuss this with an experienced commercial real estate attorney.
Fortunately, you may be able to avoid having to go to court if you agree to enter into mediation or arbitration. You may be able to negotiate a better agreement with the help of a third-party mediation service.