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Springfield Commercial Leasing Lawyer

The value of a well-worded lease agreement is as important to the commercial landlord as it is to the tenant. Understanding what you can and cannot negotiate in your commercial lease agreement can save you thousands of dollars in current and future expenses. As an experienced Springfield commercial leasing attorney, Jamie Mastandrea can help you either draft a new agreement or review a current lease that is up for renewal to ensure you have a secure contract. Jamie can explain to you in plain English the legal ramifications of the document you are signing. She can also assist you with contract or breach of lease disputes and litigation issues.

Here are just a few of the more common clauses found in most commercial lease agreements, as well as what to look for when negotiating these clauses in your contract.

  • Rent clause: Not only should you agree on a fixed amount for rent, but you should document the terms for late payments, automatic rent increases (the "escalator" clause), tenant improvement deductions and what portion of the operating expenses the landlord will pass on to the tenant.
  • Description of the property or premises: This may seem straight-forward, however, a number of issues should be considered, including a detailed and accurate description of the property and/or building you intend to rent and whether you are sharing access areas, parking, bathrooms, conference rooms or storage areas.
  • Term clause: Certain terms can play a vital role on the operational start-up expenses of a new business. For example, if you negotiate the terms of rent not being paid until you move in, you might also negotiate the terms of when you will be required to pay for utilities or begin to carry any required insurance.
  • Improvement, alterations and maintenance clauses: These clauses affect the ability to alter and/or improve the premises and detail what can and cannot be done and who should pay for the expenses related to any alterations. It also covers any maintenance details and who pays these costs.
  • Insurance, security deposit and other clauses: The landlord may require a lease holder to carry certain insurance such as property and liability insurance and this coverage can be costlier than a tenant is lead to believe.
  • Personal guarantees: it is not uncommon for the landlord to require the owners of both startup businesses and even more well established companies to provide a personal guarantee that the rent will be paid.

Experience That Makes the Difference

Since lease payments tend to be one of the highest fixed costs for many businesses it is important to review and negotiate every aspect of a commercial lease agreement. Certain clauses are common in every commercial lease, however, they are usually worded in such a way that protects the landlord's interest and not the tenant's, and they may not include every possible provision you should consider.

Such issues as exclusivity clauses, renewal options, dispute-resolution procedures, security deposit arrangements and a host of other issues should all be considered before signing any lease contract. As an experienced contract lawyer Jamie Mastandrea can provide you with comprehensive lease preparation or review to ensure you cover all the bases.

Contact Us

Protect your business interests and enlist the services of Jamie A. Mastandrea, an experienced Burke business attorney who can help you with commercial lease agreements, commercial and residential landlord-tenant issues, as well as business formation and residential buy-sell transactions. Contact her Northern Virginia office to learn more about her services and how she can help you with your legal issues.