The majority of businesses in the United States do not own their own office space. They rent it.
Considering how common it is for a business tenant to enter into an agreement with a landlord, it is wise for business owners to make sure their legal bases are covered.
When a dispute arises between a commercial landlord and a tenant, the stakes are high financially and otherwise. It is best to address the issue as soon as possible, before it escalates.
Let’s take a look at a couple of common issues facing commercial tenants.
What happens if a landlord attempts to evict a commercial tenant?
Many businesses’ success is closely tied to their location. Customers expect a business’s location to stay the same. When a landlord raises rent significantly, leases the space to another tenant or otherwise forces the tenant out, the business’s bottom line can suffer.
When a landlord initiates an eviction and the tenant wishes to stay, it is advisable for the tenant to speak to a real estate attorney. Depending on the circumstances, the tenant may be able to stay. An attorney can review the lease, negotiate with the landlord, and explore other available options.
Is this lease in my business’s best interests?
The backbone of any commercial landlord-tenant relationship is the lease. Understanding the lease is critical for both parties. It is advisable for tenants to understand exactly what they are signing – and to understand their rights and obligations.
Often, the lease is in the landlord’s best interests – not the business owner’s. However, it may be difficult for a business owner to recognize this.
It is advisable to have an attorney review a lease before signing. There may be terms that are unfair to a business owner, and there may be room for negotiation. Taking this step can help avoid potential problems in the future.
Talk to an attorney
Do you need help retaining your location? Do you need help with a commercial lease?
To speak to a real estate attorney about your particular issue, please call Chenoweth Law Group, P.C., at 503-446-6261.