Running a business is filled with challenges. Everyday you must make decisions that will impact the success of your enterprise. This is especially the case if you are an entrepreneur and you are just getting your company off the ground. One of the things you must get right is the type of commercial space you occupy. If you are like most new companies, you do not have the capital to purchase a space outright. In any case, it may not be cost effective to do so. You are instead looking for a commercial space to lease.
There are, at any given time, thousands of commercial spaces to lease in Houston. It is important to choose the one that is right for your business.
Protecting Your Interests
There is no such thing as a standard lease agreement. Lease agreements are designed to protect landlords; they secure certain rights and protections for the people who own the building that you wish to rent. In furtherance of this aim, landlords write lease agreements in ways that benefit them. While it is perfectly fine to acknowledge the landlord’s right to do this, the space you wish to lease is a part of your company and must be approached as a business issue.
You should have an attorney review and negotiate any lease agreement you are thinking of entering. A lawyer such as the ones found at weisblattlaw.com can provide you with the guidance and insight you need to get a fair and solid lease agreement. You want to pay a fair price and you want to be spared unfair contingencies.
Commercial Lease Review
The landlord will try to write the lease in a way that is heavily favorable to them. The lease may also contain clauses that are significantly unfavorable to you. Some of these may be unfair; others may be outright illegal. Here are some of the things your lawyer will watch out for and help you resolve:
- Inaccurate Property Description
The landlord may own many properties, and they may not be completely forthcoming about the one that you are interested in. Your lawyer will ensure that the property you are about to lease contains all the amenities promised and that there are no extra charges or expenses that you will need to pay.
- Early Termination
Your business depends on stability. If your landlord has the power to cancel the lease early, they may do so and cause serious disruption to your operation.
- Passing on Variable Costs
All the costs it is reasonable for you to pay—utilities for example—should be clarified in the lease. Your landlord should not be allowed to pass on variable costs to you.
- Limiting Sub-Leases
If you have much more space than you need, you should be able to sub-lease to another company. Or, if you decide to move your office elsewhere before your lease expires, you should be able to lease the space to another company until this date.