It is absolutely critical for the parties to a commercial lease transaction to be represented by knowledgeable counsel.
Landlords and tenants frequently negotiate over issues such as the length of the lease, the amount of rent to be paid, maintenance, repair and replacement obligations, operating expense pass-throughs, the size of the space to be provided, and what services are to be delivered by the landlord. Challenges can also surface as a result of corollary issues such as renewal and purchase options, rights of first refusal and accommodations required by lenders. McGrath North attorneys have extensive experience in representing both landlords and tenants of commercial and industrial properties. We understand that every situation is different—that some clients require more representation than others. We are prepared to assist our clients through the lease preparation process by carefully explaining the terms of each lease, as well as issues they may not anticipate, such as landlord or tenant bankruptcy. Our commercial leasing attorneys partner effectively with our colleagues in other practice groups within the Firm to resolve disputes arising out of leases and a host of other issues.
If you are considering seeking advice from counsel, here is what we suggest you keep in mind:
- Consult with legal counsel during the lease preparation process.
- Seek legal counsel with the necessary expertise representing both landlords and tenants in real estate development.
- Anticipate all of the potential issues that can surface outside the scope of your original plans or expectations.