The real estate universe is unquestionably a vast and complex realm. Industry principals in the Denver metro area and spanning the country routinely focus on issues and concerns tied to diverse and sometimes unique matters.
A simple and even partial listing of realty-tied considerations requiring legal input drives home the point. An authoritative Colorado legal source on real estate matters and linked attorney input notes that proven real estate lawyers assist clients on wide-ranging matters such as these:
- Client interaction with entities ranging from buyers, sellers and contractors to lenders, suppliers and additional parties, both in the residential and commercial spheres
- Negotiation, drafting and dispute resolution relevant to real estate purchase/sale agreements and other contracts
- Construction issues – claims across a broad spectrum (e.g., defects, mechanic’s liens, contract breach and more)
- Landlord-tenant matters
That last bulleted entry is spotlighted in today’s blog post. Landlord-tenant issues understandably comprise top-tier concerns in many realty transactions. Interacting parties often need timely and on-point help from an experienced legal team to protect against risk and fully promote their best interests. That can be especially true concerning negotiations, contract execution and dispute resolution focusing on commercial leases.
Commercial leases: different from their residential counterparts
Colorado residents involved in residential lease transactions or disputes unquestionably need informed legal input on many occasions and spanning wide-ranging concerns.
That is equally true in the commercial lease context.
In fact, the need can be even more immediate and compelling, as stressed in one in-depth commercial lease overview. That primer underscores that, “Commercial lease agreements are more complicated than residential leases because the terms are negotiable and vary greatly from lease to lease.”
Advocacy from experienced attorneys at an established real estate law firm will ensure that valued and diverse business clients fully consider and effectively address matters such as the following:
- Variability in lease length (commercial leases are often flexible concerning this point, e.g., set duration versus shorter-term lease with renewal option)
- Rental amount and increases (often much to consider here, such as party held accountable for taxes, insurance, utilities and other levies)
- Security deposit specifics
- Improvements/modifications to property
- Use clause (What can rented space be used for? Are there limits on tenant engagement or allowance for future expansion of activities?)
- Exclusivity provision (Will tenant be safeguarded against business rivals seeking to lease space in close proximity from the same landlord?)
- Assignment/sublease allowances or limitations
The above overview duly notes the progressively evolving nature of commercial lease law and that it “can be complicated for non-attorneys.”
A proven and empathetic legal team can simplify the process and ensure that a transacting party is well informed and protected in any lease transaction or dispute.