Tenant Advice on Office Leases
An office lease is a legal document and both the tenant and the landlord are bound by its terms. The only difference is that landlords negotiate office leases for a living while the tenant does not!
The bottom line for a tenant is this: before signing their office lease, tenants need to be 100% sure that everything has been done to safeguard their company's commercial interests. Failure to do so may cause a myriad of problems (most of them costly) at some stage during the lease.
Companies who move office and sign an office lease without engaging the services of a commercial real estate attorney leave themselves open to all sorts of issues at some stage during the term of their office lease term. These problems can have serious operational and financial consequences for their business.
Tenants need to be aware that they do not shortcut this crucial stage in the moving office process. They should also be wise to any landlord (or landlord broker) who says anything along the lines of "you can save yourself some money by not having to get an attorney to look over this as it is our standard lease so there's nothing to worry about.." NO, NO, NO!
Whatever your circumstances, it is essential to have a real estate lawyer (one that specializes in working with tenants) work on your behald and represent your interests.
An office lease needs to accurately reflect the terms of the deal that has been negotiated and agreed between the tenant and the landlord. Office Leases that have been properly executred will protect the tenant in the event of any problems, issues or disputes. When entering into an office lease agreement all tenants need the experience and expertize offered by Commercial Real Estate Lawyers.
Whether it is reviewing, preparing or negotiating an office lease it is business critical that your comnpany's best interests are served.
Find out more about the legal issues when moving office.
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