For commercial landlords and commercial tenants, time is money.
Missing an opportunity to secure a great location or a strong tenant can have a significant financial impact on your business. Securing favorable, protective terms in your lease agreement and closing your transaction as promptly as possible allows you to make the most of your Utah commercial property, and focus on your other business goals.
If you are not familiar with contract laws and commercial lease provisions, however, the long-term contract that you sign could subject your business to significant risk, both legal and financial (these issues include, among other things: common area maintenance, taxes, insurance and other pass-through (NNN) charges that tenants may be required to pay in addition to rent, responsibility for maintenance, repairs and replacements, default events, indemnity obligations, use restrictions, transfer restrictions, etc.). Dean Smith, Attorney at Law, PLLC knows how to complete commercial lease transactions promptly while protecting its clients’ interests. For almost 20 years, we have successfully advocated for retail, office, industrial and other commercial leasing clients throughout Utah.
While residential landlords have many duties and responsibilities under the law, commercial landlords have few duties other than to comply with the express terms of the lease agreement. Therefore, commercial leases should be carefully written to protect each party’s interests. In practice, commercial leases are generally written to protect the interests of the party that drafts the lease. This means that the other party will need to carefully review the lease and request and negotiate for modifications necessary to protect their interests. There are many issues, beyond the amount of rent and length of term, that need to be understood and agreed upon before a commercial lease is signed. As your commercial lease attorney, you can depend on us to take the steps necessary to maximize your advantages while minimizing risks and liabilities.
Our firm has completed hundreds of commercial lease transactions for our clients, both landlords and tenants, and we have a strong understanding of leasing terms and negotiating strategies, as well as the business considerations of landlords and tenants. Before entering negotiations, we will carefully review the proposed terms. As your advocate, we will discuss and explain the risks and benefits associated with your proposed commercial lease, so you can make a well-reasoned decision about moving forward and signing a contract.