Whether you’re opening a new location, moving your premises or opening a new business, commercial lease agreements are all part of owning a business. They can also expose you to unnecessary risk if you don’t understand the responsibilities and obligations of both sides. Here’s how our commercial law experts can guide you through the process of signing a commercial lease.
Commercial lease agreements are often long, with several clauses, terms, and conditions. You need to understand all of these before signing a lease, and that’s how a lawyer can help. They understand commercial law and can diligently review all lease terms to minimise risk. In particular, this includes advising on your responsibilities and those of the landlord.
Once you and your lawyer have carefully reviewed the lease terms, you might need some help negotiating. If you want changes to the lease agreement, our lawyers are happy to negotiate on your behalf. This may include negotiating prices, maintaining requirements, limiting signage, and much more. If you prefer to handle negotiations yourself, we can help you prepare and advise on which terms you should and shouldn’t accept.
Our lawyers can also help with other aspects of your business. Taking out a commercial lease indicates a change in business conditions. Whether it’s a simple location move or a brand-new business opening, legal advice can help minimise the risks.
By conducting due diligence on all business purchases and commercial agreements, our lawyers can help you avoid some of the pitfalls of owning a business. Importantly, due diligence ensures your interests are protected.
If you’d like more assistance with lease agreements or any other aspect of commercial law, contact the team at Scammell & Co. today.
*This information is current at the time of publication. For accurate legal advice, please contact Scammell & Co on 08 8440 270.
