Commercial Lease Lawyer Boca Raton:
Understanding Commercial Leases
Small business owners should put much time into carefully reading, understanding and comprehending commercial leases. Having the guidance of a Commercial Lease Lawyer Boca Raton can help you a lot. Here are information that will help you understand commercial leases more:
- What is a lease? It is an interest in real property which entitles the lessee/tenant to use and to occupy the real property
- What should you look for in a commercial lease? You at least want to know who is on the lease, how much is the rent, what is included in the rent what are the renewal terms of the lease and how can someone other than the current tenant take over the lease.
- How much is rent and how is it calculated? Rent is typically paid monthly in a fixed amount that is clearly stated in the lease for at least its first year. After the first year, some leases have an explicit schedule of increases which are clearly written somewhere in the body of the lease.
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