Negotiating Commercial Leases

If you are a tenant leasing commercial or office properties, there prudent modification that a landlord will omit from the lease if you have a commercial broker representing you who has sufficient knowledge and experience with such properties.  You can also have work through a qualified attorney. Any attorney won't work, as you need someone with familiarly with leases and administration of leases.

 
Post is included in group: Realtors®
Post is included in group: Keller Williams 'Rainers
Post is included in group: Commercial Real Estate
Post is included in group: Real Estate Rookie

1 Comments on Negotiating Commercial Leases

A qualified commercial broker or real estate agent cannot interpret a contract for thier client because of the gray area of practicing law. I always advise my clients to seek the council of an attorney.

However I often give my clients a copy of a standard contract to compare to a landlords contract. I may sit down with them, and point things out like "hmmm this looks different... hmmm this isnt standard... hmmm you may want to ask your attorney about this section, it looks wordy" etc.

 

05/16/2008 11:34 PM by Mike Wong Realtor, GRI (Keller Williams Realty Southwest)

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