Commercial Leasing Law Attorneys
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Virginia K.H. Lam
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Understanding Commercial Leasing Law
Commercial leasing law governs the legal agreements between landlords and tenants for the use of commercial property – properties like offices, retail spaces, warehouses, and industrial buildings. These leases are frequently more complex than residential leases due to the significant financial commitment and specific operational needs involved. A poorly drafted or misunderstood lease can lead to disputes, financial losses, and significant operational disruptions for businesses.
Our experienced attorneys specialize in all aspects of commercial leasing law, assisting both landlords and tenants throughout the entire leasing process. We understand the unique challenges and considerations inherent in these agreements.
Key Areas of Expertise
- Lease Drafting & Negotiation: We help draft and negotiate lease agreements that accurately reflect your business needs and protect your rights. This includes detailing rent amounts, payment terms, security deposits, maintenance responsibilities, renewal options, and any specific clauses relevant to your industry.
- Reviewing Existing Leases: We thoroughly review existing commercial leases to identify potential risks, ambiguities, or unfavorable clauses that could negatively impact your business.
- Tenant Rights & Obligations: We advise tenants on their rights and obligations under a commercial lease, including issues related to repairs, alterations, and subletting.
- Landlord Rights & Obligations: We advise landlords on their rights and obligations, covering aspects like property maintenance, rent collection, and enforcing lease terms.
- Dispute Resolution: We represent clients in disputes arising from commercial leases, including disagreements over rent, repairs, breaches of contract, and eviction proceedings. We aim to resolve disputes through negotiation and mediation before resorting to litigation.
- Renewal Options & Amendments: We assist in negotiating favorable renewal options and drafting amendments to existing leases to align with evolving business needs.
Common Issues in Commercial Leases
Several common issues frequently arise in commercial leases, including:
- Rent Increases: Understanding the conditions under which rent can be increased is critical.
- Maintenance & Repairs: Clearly defining responsibilities for property maintenance and repairs is vital.
- Alterations & Improvements: Regulations regarding tenant improvements and the rights to make changes to the property.
- Default & Eviction: Knowing the process for handling lease defaults and potential eviction procedures.
At our firm, we are committed to providing clear, practical legal advice and representation to help you achieve your commercial leasing goals. We work closely with our clients to understand their specific circumstances and develop tailored solutions.