When business owners consider leasing commercial space for their office or business needs, they do not always consider the potential complications that can occur during the negotiation process. That is why it is important to speak to an experienced to help you through all aspects of the negotiation process.
Many tenants want the opportunity to sublease their building in the event that a change in circumstances comes up in the future such as financial changes that require the business take a step back from the space in order to save money, or a growing company that needs to move to a different location. Many landlords, however, see subleasing as a potential risk because the person who subleases the space may not be financially responsible and this could mean a monetary loss for the landlord.
- Operating Expenses
When a business tenant operates in the entire building they have responsibility for all of the expenses. In many instances, however, tenants share an area which makes it less clear who is responsible for which operating expenses. This is a critical area of negotiation as the costs can have a significant effect on the bottom line of a new or even established business.
- Maintenance Responsibility
The maintenance of the building is another area of concern for business owners. Some Houston business owners want the freedom to make changes or repairs while other tenants do not want the financial obligation included with regular maintenance. The issue must be skillfully negotiated so that repairs are made quickly and without disagreement over who is responsible.
- Use of Premises
The use of the property can be the focal point of any commercial lease. Some commercial real estate owners do not want certain types of business in their building and it is imperative that the potential tenant understands what is acceptable.
It can be difficult for any business owner to negotiate a commercial real estate lease especially when the owner is using their time and efforts to run a business. It is important to speak to the skilled Houston attorneys at the Weisblatt Law Firm who are well-versed in and can help you through the lease negotiating phase of your business. Contact our office today at 713-666-1981.
Attorney Andrew Weisblatt
Mr. Weisblatt has practiced continuously since becoming licensed in 1992 and has represented businesses ranging in size from one person start-up ventures to multi-national corporations employing hundreds of people in multiple countries. From 2005 through 2009 Mr. Weisblatt was in-house counsel and chief operating officer of a multi-national corporation in the steel products industry. That in-house position provided valuable insight into how businesses work and what they actually need from their lawyers – both in-house and outside counsel. Attorney Bio