Miami Lease Agreements Attorney
A commercial lease is far more complex than a residential lease that you may sign. Your circumstances are more complicated, and the terms may vary based on the tenant or the proposed usage.
Not every commercial lease is standardized or the same. Here are the major types of commercial leases:
- Single net leases – this is where the tenant takes on less risk. They are responsible for paying rent and property taxes. The word “single” comes from the fact that they pay for one other major area besides rent.
- Double net leases – the tenant pays for rent and two of the following: insurance premiums, property taxes, or utilities
- Triple net leases – this is the most favorable agreement to the landlord where the tenant pays for all three major expenses besides rent.
Commercial leases are negotiated, and tenants do not just have to take the terms that they are handed. Here are some of the terms that you may be able to negotiate in a commercial lease:
- The pricing
- Proposed use of the property and any restrictions
- The responsibility for maintenance
- Who pays utility bills
- Lease-to-own options
- Termination provisions
- Out clauses
- Subleasing
Commercial landlords are sophisticated, and they have their own attorneys advising them. Especially when the market is slower, commercial tenants have some leverage of their own, as multiple developments may try to court their business. Landlords would usually prefer triple net leases because they pay as little as possible, and they shift more risk onto the tenant.
Call a Miami Lease Agreements Attorney
You should always have an attorney carefully review any lease agreement before you sign it because they could impose large risks on your business. Call a Miami lease agreements attorney at Daniel D. Diaz, PA, at 786-256-3299 or send a message online to get legal advice and assistance for your business.
