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Preparing to lease commercial real estate

| Feb 13, 2020 | Real Estate |

Starting a business is a difficult process for anyone. Luckily, many Texas residents put in the time and effort to make their entrepreneurial dreams come true. After getting their business up and running, many find it necessary to move out of their home office or basement and into an actual commercial space. Of course, leasing commercial real estate is not always easy.

It is important to consider every detail of a commercial lease, especially for first-time leasees. Some people may read over a proposed lease and think that they are at the mercy of the landlord. However, everything in a commercial lease is negotiable, and if business owners find something in a lease that does not work for them, they may want to remember that they can present alternate terms to their potential landlord.

One important matter to consider in particular is the length of the lease. Most landlords prefer to have long-term leases for businesses because it means that the landlord does not have to worry about finding another tenant in a short period of time. However, getting locked into a long-term lease may not be beneficial for small businesses that are looking to expand and may need a bigger space before the lease is up.

Because leases are legally binding, it is important that Texas business owners understand what they are signing up for. It may be wise for individuals looking to lease commercial space to go over their prospective leases with real estate attorneys. These legal professionals can help explain the details of the terms and help negotiate favorable terms for the business owner.