Negotiating Pa. commercial property leases

Commercial property leases for small business should not be taken lightly. Investing in a real estate lawyer to negotiate your lease can improve your bottom line as well as save you many hours of headaches and legal problems down the road.

Here are just a few items to consider regarding your Pa. commercial property lease:

• Argue for a restriction to lease to your competitors;
• Request that the landlord’s lender will allow tenant to continue its business under the current lease terms if the lender forecloses;
• Negotiate short deadlines for repairs and restoration of services, consider getting business interruption insurance;
• Include landlord’s agreement to subordinate its rights in the tenant’s property for financing;
• For franchisees, the lease’s transfer section will need to reflect certain franchisor rights to replace the tenant and incorporate necessary terms;
• Think ahead about expansion and incorporate into the original lease;
• The lease should explicitly make it the landlord’s duty to maintain the structure, exterior, all common areas, and any shared building systems such as plumbing and HVAC; .
• Get parking rates established with enough reserved parking and parking spaces;
• Landlord should pre-approve signage and negotiate a reasonable process for future signage.

These are just some of the issues a small business should be concerned about when commercial property leasing is on the table. The PA prepaid lawyers Welch Gold Siegel will know how to help you traverse the commercial property leasing landscape.