Real Estate Attorney

Perhaps one of the most used phrases in real estate is none other than “location”, but that is for good reason. Where your store is located will directly have an effect on your traffic, which is why you will want to spend as much time as you can to find the best spot for your store. Once you have found the right place, it is now time to negotiate your lease. 

Your lease agreement has a lot of importance because if you have a poor agreement, it will cost you a lot financially in the longer run. So, here we will focus on some tips that will help you negotiate the best commercial lease agreement.

Perhaps one of the most used phrases in real estate is none other than “location”, but that is for good reason. Where your store is located will directly have an effect on your traffic, which is why you will want to spend as much time as you can to find the best spot for your store. Once you have found the right place, it is now time to negotiate your lease. 

Your lease agreement has a lot of importance because if you have a poor agreement, it will cost you a lot financially in the longer run. So, here we will focus on some tips that will help you negotiate the best commercial lease agreement.

Before you take a look at any location, you need to first get your numbers straight. You need to determine a budget and figure out the items that you need to have. For example, you will want to have the option to sublease if things don’t go your way. Another thing that you must do is get an agent to negotiate the lease on your behalf. Agents are experts in this field and they will work with you to get a great deal.

You should also try to negotiate for more than one location at the same time. This will give you a slight edge with the help of which you will be able to turn down at least one negotiation. Landlords often ask a payment for upfront rent, however, this amount is usually high and they don’t expect anyone to pay that amount and you shouldn’t either. Instead, try to talk and lower the amount which is agreed upon both by the landlord and you. You should also make sure that a co-tenancy clause is written in the agreement. And lastly, you should include a clause that prevents the landlord from renting out space in your building to your competitor.

How to Negotiate a Commercial Lease with a Landlord?

Choosing the right location for your store is very important and that is why you need to make sure that you get the best deal. For that, you will need to make sure that you get in touch with many landlords and negotiate the terms that are in your favor.

When you are negotiating a lease, one of the first things that you need to know is your lease term. There are many ways to determine this figure, but some of the main things you will have to bring into consideration are several economic and personal factors. In most cases, you will want to keep the lease term short, however, if you are contributing to renovating the space, you should then go for a longer-term so that you can amortize that amount.

In commercial leases, one thing that you need to keep under consideration is that even though the landlord owns the space, you would think that they will be responsible for the maintenance and repairs. However, sometimes this might not be the case and that is why you should make sure that it is clearly mentioned in the agreement.

Steps to Choose a Real Estate Attorney

Choosing an attorney is a very important decision and that is why you should follow certain steps to find the best attorney for your job. One of the first things that you need to do is start collecting names of possible attorneys. You can do this by visiting your local bar association website or ask for recommendations from friends and family. You should also shortlist those attorneys that are board-certified.

The next thing that you need to do is start conducting interviews with each and every attorney that you have shortlisted. If you want to keep things short and simple, you should consider holding brief interviews over the phone. In this way, you will be able to reach many interviews in a short amount of time and narrow down the list further. You should also gather all of the information regarding your case so that it is easy for the attorney to evaluate your case.

You should ask each attorney questions about their practice and you should also observe the behavior of each attorney. Lastly, you should always take notes during the interview and you must make sure that you understand how the attorney charges you for his or her services.

Hopefully, after employing these tips and techniques, you will find it easy to choose an attorney for your needs.

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