Exercise Caution When Leasing Commercial Real Estate

Interestingly enough, when leasing commercial real estate, you do not have all the same laws and protections that you would under a residential lease agreement. Therefore, you need to be extra cautious when leasing commercial space.

The typical transaction involves a interested lessee contacting the landlord’s agent without having their own agent to facilitate and ensure the process. Thus, there is an opportunity for a bad leasing agents to greatly skew the lease in the direction of the landlord. So it’s the old “buyer beware” clause that prevails.

Todd Dorn puts it this way:

Remember, the devil is in the details. Since there are limited consumer laws protecting the commercial tenant, it is incumbent upon the tenant to make sure that all the business points are covered and that the lease document offers protection to the tenant.

You can read more on Todd’s story here.

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