IMPORTANCE OF COMMERCIAL LEASE REVIEW

Experienced commercial leasing lawyer for real property and equipment lease arrangements (in Alberta and Ontario, Canada).

Contact Neufeld Legal at 403-400-4092 / 905-616-8864 or Chris@NeufeldLegal.com

Even though most commercial lease agreements are viewed as standardized and with very little flexibility for change from the landlord, it is nevertheless important that commercial tenants have some degree of legal review of their commercial lease agreements in advance of signing them.

Given the recurring monthly expenditure that is being committed to the commercial lease, with base rent and additional rent being legally mandated for the duration of the lease term, whether that is the typical 5 years or 10 years, there are serious financial consequences if the commercial lease agreement isn’t properly reviewed by experienced legal counsel.

Because once you have committed to the commercial lease agreement and signed off on it, together with all too often providing a personal guarantee or indemnity, it is often too late to seek changes or corrections several years later.

And allowing those inaccuracies or discrepancies to have remained in the commercial lease agreement can be extremely costly on a number of fronts, and if the lease agreement is correctly drafted than the peace of mind received from the lawyer’s review can be equally significant.

Thus it is hard to go wrong when you seek out the legal services of an experienced lawyer knowledgeable in representing business tenants with their commercial lease arrangements, be it simply to review the commercial lease agreement or to advise as to how one might get the most out of their lease negotiations, so as not to give up advantageous lease elements or attain concessions from the landlord that might be available to the commercial tenant.

With over 25 years of commercial lease review experience, we understand what to be looking for in a commercial lease agreement and what is intended by the cryptic legal writings that seems to go on forever in these exceedingly lengthy agreements and appended schedules.

This allows your business to attain solid legal advice, which is cost-effective, as it draws upon a wealth of knowledge from having read and reviewed far too many commercial lease agreements, and having provided legal advice thereon.

For knowledgeable and experienced legal representation in commercial leasing matters, whether that entails lease review, drafting, negotiation and enforcement, contact commercial leasing lawyer Christopher Neufeld at Chris@NeufeldLegal.com or 403-400-4092 / 905-616-8864.

Importance of Commercial Lease Review: Even though most commercial lease agreements are viewed as standardized and with very little flexibility for change from the landlord, it is nevertheless important that commercial tenants have some degree of legal review of their commercial lease agreements in advance of signing them. Read More.

 

Net Lease versus Gross Lease: In the world of commercial real estate, landlords never seek to be outdone when it comes to the rent that they charge commercial tenants for renting the leased premises. Nevertheless, the manner in which landlords structure rental payments can vary substantively, based on how the landlord believes it will best incentivize a prospective tenant to commit to the proposed lease arrangement. Read More.

 

What is a Sublease? A sublease is a legal agreement whereby an existing tenant / lessee (the "sublessor") rents out a portion of their leased premises to another party (the "subtenant" or "sublessee") for a portion of the original lease term. A key characteristic associated with a sublease is that the original tenant remains fully responsible to the landlord for the rent and all the terms of the original lease agreement, and most often requires the written consent of the landlord to proceed with the sublease (so as not to breach the original lease agreement). Read More.