Whether you are relocating or starting a new business, signing a new commercial lease is a big step for any company. Your business location says a lot about your clientele and the way you run you company. It is imperative that you are fully prepared before you sign a new commercial lease so that you have the best deal available for your lease. Unfortunately, many unsuspecting business owners fail to do sufficient market research and, as result, are forced into signing an unfair lease.
The Cedar Rapids commercial lease preparation attorneys of Arenson Law Group, PC, are dedicated to helping companies grow and be successful. Our qualified lawyers can assist you in all legal matters regarding preparing for and signing a new commercial lease.
What Commercial Lease Preparation Involves
Preparing to sign a commercial lease is a daunting task. No one wishes to be locked into a disadvantageous lease with a predatory landlord. For small companies that are just beginning their new business, it is even more important to understand the full scope of a new lease to ensure the survival of the company. Commercial lease preparation involves significant research as well as an understanding of the direction of your company. Listed below are several key steps in preparing to sign a new lease:
- Accurate analysis of your company’s current financials
- Studying commercial real estate terminology
- Decide on the duration of the lease
- Consult a legal professional
These are only a few of the many things that need to be done before signing a new lease. Nothing brings more negotiating power than being highly knowledgeable about current market rates. By following the above steps, you will be become one step closer to finding a new home for your company and signing your new lease.
Contact a Commercial Lease Preparation Attorney
With sufficient preparation, signing a new commercial lease does not have to be difficult. If you or someone you know is interested in looking for a new commercial lease, the right preparation can result in a lower price and save you significant time. At Arenson Law Group, PC, our commercial lease preparation attorneys’ mission is to ensure that your lease is a fair value and that you are fully prepared when you head to the negotiating table. Contact our office today at (319) 363-8199 to learn more about how we can assist in your commercial lease preparation.
Written by James H. Arenson
Last Updated : March 11, 2024