Do I Need to Hire a Real Estate Attorney Before Signing a Commercial Lease?
Considering the Role of Attorneys in Mid-Missouri’s Commercial Lease Agreements – Learn More With Lindner Properties
Before signing any contract, it’s important to know that you’ve weighed all your options and finished the necessary research to make sure you’re aware of the terms you’re agreeing to. This statement couldn’t be more true when deciding on your commercial lease in mid-MO. A commercial lease agreement is a contract that outlines key financial terms, professional duties, and other relevant details of renting commercial property. If you sign a lease for a property and don’t like the deal later, you might be stuck with it for another few months (or even years) until the lease is completed.
As a result, many business owners in Columbia, MO, and surrounding communities hire a commercial real estate attorney to help review their lease terms and advocate for their interests. From dispute resolution to negotiating the details of your lease with the other party, having a lawyer present can ensure everything proceeds smoothly. At Lindner Properties, we’ve signed and resolved hundreds of commercial lease agreements with tenants and their legal counsel. Learn more about the advantages of adding a real estate attorney to your team as you search for commercial property!
What does a commercial real estate attorney do in mid-Missouri?
When a commercial lease is drafted, it should include a clear breakdown of the different costs associated with managing the property and maintaining services. If a landlord fails to meet the requirements or a tenant can’t meet their deadlines, this can lead to tense conflict down the road. Additionally, there may be areas of the contract where one wishes to compromise – this is where a commercial real estate attorney can be beneficial. Not only can a commercial lease lawyer help you negotiate if something goes wrong, but they can also draft or review the lease before you sign, offering business-related advice and guiding your judgment. If there are any licensing issues or zoning regulations related to the property in mid-Missouri, these are also common reasons to consult a commercial real estate attorney.
A dependable attorney can be your source of support as you search for the best commercial property in central Missouri. Explore the ways your commercial lease agreement can be facilitated more effectively through a lease attorney, and contact Lindner Properties to see local commercial real estate for rent.
How a Lease Attorney Can Benefit Your Commercial Lease Agreement With a Mid-MO Landlord
Drafting or reviewing your lease agreement in mid-Missouri
Nothing can be signed until an official document has been created outlining the terms between a landlord and a tenant for taking care of the building. To make sure the details of your commercial lease align with your goals and capabilities as a business owner, consulting with a mid-Missouri real estate attorney is invaluable. The average contract will contain a fair share of legal jargon, and it can be easy to overlook certain aspects of a lease if you don’t have someone who understands real estate laws to draft or review it with you. When you speak with a commercial lease attorney, they’ll not only translate legal terms for convenience but also customize the rental agreement to fit their client’s needs. This ensures that the tenant is fully informed and aware of any legal risks before renting a commercial property in central Missouri.
Clarity for responsibilities between landlord & tenant to maintain your Columbia, MO property
Miscommunications can lead to confusion and conflict for a mid-Missouri business, and failing to outline the lease terms clearly is the fastest path to these issues. It can happen as an accident, and other times it can be the result of misleading verbiage in a real estate contract. With a diligent attorney by your side, they can make sure all the terms are concrete, legally enforceable, and beneficial to your business management.
Your commercial real estate attorney will oversee the negotiation of different responsibilities, taking note of both the tenant's and landlord’s obligations. For example, some agreements leave the cost of structural repairs to the landlord while others leave it to the tenant. Everything is handled in a civil manner, and this provides clarity that can prevent the need for litigation down the road. Make sure business duties on your property are divided appropriately for your business needs with a commercial lease lawyer in mid-MO.
Settle disputes with a commercial lease attorney in central Missouri
Even with a carefully drafted commercial lease contract, the risk of a legal dispute occurring between landlord and tenant doesn’t disappear completely. A dispute is started when one or multiple parties violate the terms and conditions outlined in an original agreement. Commercial lease agreements can be breached for a plethora of reasons – overdue payments, going against smoking or pet policies, a lack of common area maintenance, and more. The job of a central Missouri commercial lease attorney is to seek a solution by either negotiating the contract on their client’s behalf or representing them in court if a demand for litigation escalates. You should consult thoroughly with your attorney before moving forward with legal action in the mid-Missouri area, but having help early on in the agreement process can protect all parties in a messy situation. As you work out the details of a commercial lease, it’s important to know the basics of a professional contract between landlord and tenant regarding a rental building. Learn more about these main components and find your next commercial property in mid-MO with Lindner Properties.
The key legal elements of a commercial lease agreement in the Columbia, MO area
Your Missouri commercial real estate’s monthly rent amount
One of the first (and most important) things you will discuss with a potential landlord is the cost of rent on your commercial real estate in mid-MO. When determining the details of a rental agreement, you will discuss more than just the amount you pay. It will also be necessary to outline how frequently these payments will be made and on what due date for each period. As you discuss your business needs with a property owner and commercial landlord-tenant attorney in mid-Missouri, you should be realistic about your budget and make sure the agreed rental amount is plausible to meet on time. Keep in mind factors like “additional rent” as well, such as taxes or insurance plans.
The duration of your lease on a mid-MO commercial property
In addition to the cost of rent, your commercial lease agreement in Columbia, MO will also describe the length of the lease, whether it’s six months, 12 months, or longer. Some commercial tenants may also decide to sublease and leave the property temporarily to another person while still keeping their lease. Assuming everything goes according to plan, a tenant should complete their commercial lease with a landlord with hardly any hiccups. However, if plans change and the lease needs to be terminated, having a mid-Missouri attorney present can facilitate the dispute process, and possibly offer litigation in court if the problems continue.
A breakdown of the costs of different utilities & services
Lastly, every lease agreement for a commercial mid-Missouri property should assign tasks to both the landlord and the tenant. There should be a clear distinction of who takes care of what – outdoor landscaping, indoor plumbing, common area maintenance, etc. Many types of commercial lease agreements exist, and all of them offer different benefits depending on your personal circumstances. While some tenants want to split the cost of certain services with their landlord, others opt for an absolute triple-net lease and essentially finance the building’s maintenance as if they owned it. One type of contract is no better than the other, and a discerning commercial lease lawyer in central Missouri can help you find a fair deal with the other party. Learn more about the breakdown of commercial lease agreements before reaching out to Lindner Properties!
Do I need a lawyer to change my lease agreement with a mid-MO landlord?
It is possible that a landlord or tenant may want to change the terms of an agreement over the course of a leasing relationship. Maybe a tenant is expanding the space they occupy or asking to extend the term of their lease – whatever the case may be, there are many changes that can be made to a commercial lease in the Columbia, MO area. Tenants and landlords may work out these solutions themselves, but it is recommended to have a trustworthy attorney look over the contract to make sure none of their terms violate the law.
The landlord and tenant can either make an amendment to the current lease document or they can draft an addendum, which is a separate document that is signed and attached to the original commercial lease agreement. After the lease terms are updated, your commercial lease attorney can keep a copy of the contract for future reference, preventing you from being taken advantage of or becoming disorganized later. Don’t hesitate to ask a commercial real estate professional for support before making big decisions about your commercial rental space in central Missouri.
With Lindner Properties, You Can Find an Amazing Commercial Property in Mid-Missouri & Negotiate Your Lease Terms Easily. Contact Us to Get Started!
The process of drafting, negotiating, and signing a commercial lease agreement for your business doesn’t need to be excessively complicated. Whether you’re discussing occupancy limits, deciding between a double-net or triple-net lease, calculating security deposits, or any other features in your lease agreement, you can depend on communication and honesty from the Lindner Properties team.
Our service in the Columbia, MO community has been unmatched since opening in 1981, and since then, we have continued to feature commercial properties in Jefferson City, Sedalia, and even Destin, FL! It doesn’t matter if you’re opening a new restaurant or moving the location of your family-owned office business – we want to make sure you have the perfect rental property under the best conditions for handling your operations. Plan your commercial lease with an attorney and a professional at Lindner Properties now!
