Northern Virginia Commercial Leases Attorneys

Commercial Leases Attorney

Commercial real estate is much more complicated than residential real estate. For instance, commercial leases have provisions that you will not find when renting a residential property. For example, landlords do not just charge tenants based on the square footage. Instead, they can also factor in how the property is going to be used when determining a rental amount for the lease agreement. Additionally, landlords can limit how the property is used and include other complex provisions.

Because of the complexities, you do not want to print out a basic lease agreement and sign it. If you do that, it will not represent your interests, meaning you might be stuck with unfavorable terms.

Thus, contact our Northern Virginia commercial lease attorneys for legal guidance. We work with landlords and tenants to create favorable, legally binding lease agreements.

Types of Commercial Leases

PJI Law has experience in all types of commercial leases. This includes:

• Single net leases
• Gross leases
• Modified gross leases
• Net-net leases
• Triple net leases

Our firm can discuss these and other options with you.

Negotiating a Commercial Lease

Although a broker or the business owner themselves can negotiate items such as the rent, the amount of security deposit, and the length of the lease, a commercial lease attorney is needed to help you negotiate the legal aspects of the contract, as well as items where legal and business issues overlap.

Our goal is to ensure our clients have favorable terms when signing commercial leases. Thus, our attorneys pore over lease agreements and negotiate the terms and conditions before advising our clients to sign them. Contact us today to discuss negotiating and drafting a commercial lease agreement.

Adding an Out Clause to a Commercial Lease

Landlords and tenants often like long-term leases due to the stability they offer. However, there is a risk associated with long rental periods. Landlords often worry that the company might not last for the duration of the lease, so many require a personal guarantee. Thus, if the business fails two years into a five-year lease, the tenant could be personally responsible for paying the remaining three years of rent.

You can protect yourself by having your commercial leases attorney include an out clause in the document. With this clause, you can determine which circumstances will allow you to get out of the lease early. Then, you will not have to pay the remaining balance if the conditions are met.

This can be beneficial to both landlords and tenants. Thus, contact PJI Law to discuss this and other components of a commercial lease agreement.