Finding a commercial space that will work for the specific operational needs of a North Carolina business is only the first step. After locating the optimal storefront or commercial space, it will then be likely that the business will have to sign a commercial lease. While a landlord or property owner may have a standard lease agreement, it is possible and often most beneficial to negotiate the terms of this contract.
The specific terms of a lease agreement matter. The details of an agreement can make a significant difference in the potential for financial risk and legal disputes in the future. Some of the most important terms and details to include in a commercial lease include:
A commercial lease should also include details regarding how the space can be used, who is responsible for the cost of utilities and more. The more detailed the lease, the less likely it will be either party will experience complications over the course of the lease.
It is helpful to negotiate a lease with the help of an experienced North Carolina real estate attorney. When reviewing a contract, discussing terms or navigating a dispute over a lease agreement, experienced guidance matters. Before you sign on the dotted line, you may want to carefully consider the potential implications of any terms you are agreeing to.
Call our office at 704-873-2295 or email us today.
Attorney Mike Lassiter grew up in Statesville, makes his living serving the people of Statesville and published a book capturing the changing landscape of small town life across North Carolina and Iredell County. His keen sense of history, dedication to the area and 30 years of legal experience make him an ideal attorney for your legal needs.
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