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LegalCornerTM - Commercial Leases F.A.Q.'s

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Q.I have a broker, do I really need an attorney to assist with my lease?

A.While an attorney is not required, most people soon discover they need, or should have acquired the assistance of, an attorney to review their proposed lease and negotiate modifications. Commercial leases favor the landlord and it is the prospective tenant's job to improve the situation. Successfully negotiating a commercial lease is a complex time-consuming task full of potential pitfalls that generally multiply when a tenant undertakes the process by him or herself. A good attorney will be able to explain the details of your proposed commercial lease, industrial lease, gross lease, or triple net lease so you wont be caught by surprise by unfavorable or unfamiliar terms to which you subscribed a different meaning. Brokers, on the hand, while knowledgeable are hired to locate a potential space and are often are more concerned with their commission.

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