Commercial Leasing

Clients seek representation through Mooney Law Firm, PLLC to provide assistance with the process of reviewing and negotiating terms of a commercial lease under which the client will obtain the right to operate its business through commercial property owned by a landlord. A commercial lease is typically a long-term commitment which generally requires the tenant to pay considerable rent throughout the proposed term along with prorated payments to the Landlord as reimbursement for the landlord’s expenses incurred in carrying insurance, paying taxes and maintaining the shopping center. Commercial leases also include provisions which impose repair obligations on the tenant, limit the tenant’s use of the property, and other items resulting in potential additional costs and restictions to the tenant.

In addition to reviewing the terms of any proposed lease, Mooney Law Firm, PLLC can provide guidance to ensure each client fully understands the numerous obligations required of the tenant. We can also assist you in determining whether your business is capable of generating sufficient revenue to meet its lease obligations over the entire term.

Specific provisions of leases which are overlooked include:

  1. Default Provisions addressing the landlord’s rights in the event of tenant default
  2. Rent Payment obligations
  3. Tenant Improvement Reimbursements by landlord
  4. Triple Net Charges
  5. Estoppel Certificate and Subordination Agreement requirements
  6. Repair and Maintenance obligations
  7. Landlord Lien requirements
  8. Use Restrictions
  9. Continuous Occupancy Clauses

Each tenant should read and fully understand each provision of any lease prior to execution. There is no such thing as a “standard” lease. In many instances the tenant, with advice and guidance of an attorney, can negotiate favorable concessions from the landlord and modifications to the landlord’s proposed lease form.

Mooney Law Firm, PLLC is prepared to provide experienced assistance to clients contemplating a commercial landlord/tenant relationship.

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Commercial Leasing

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