Investing in commercial leasing or lending can be a profitable endeavor. However, without the assistance of a commercial leasing and lending contracts lawyer, like those at Patrick, Harper & Dixon in Hickory, North Carolina, you might not get the profits you seek from your investments.
If you want to be financially successful with commercial leasing and lending contracts, you need to be consulted by experienced attorneys who understand the field. Contact Patrick, Harper & Dixon today to learn more about how we can help with your investments.
How a Commercial Leasing and Lending Contracts Lawyer from Patrick, Harper & Dixon Can Help
Like any other investment, investing in commercial sales and lending carries risks. You have the potential of a strong return on your investment, or you could lose your entire stake. The latter is much more likely if you do not understand the types of risks and challenges you face.
The legal team at Patrick, Harper & Dixon has extensive experience with commercial real estate. We have helped hundreds of clients successfully create and enforce commercial leasing and lending contracts. Our attorneys understand the legal ramifications of commercial leasing and lending and are prepared to explain and advise these complex legal matters with our clients.
Whether you are just getting started in commercial leasing or are looking to get better results from already existing investments, our team can help you with all of the following.
Comprehensive Leases
Many businesses have specific needs when they lease property. The last thing you want to do is waste the time of a potential lessee by creating a lease that does not serve those specific needs.
For example, a potential lessee may have specific power or air flow needs. If your lease doesn’t address these things, you might miss out on a lease opportunity when a business owner passes on your property.
Similarly, if you overstate the power capacity of a building, that could result in you breaching a contract when that discrepancy is discovered by the lessee.
Your commercial real estate lawyer at Patrick, Harper & Dixon will help you create a lease that includes the types of details potential lessees want to know about in advance. This saves time for everyone and increases the likelihood of landing the right renters for your property.
Usage Clauses
Building a usage clause into a contract can be tricky. As the landlord, you want to limit your liability as much as possible. The more stringent the usage clause, the less risk you are taking.
Conversely, your tenant wants to have as much flexibility as possible in how they run their business. This means they typically want a broad usage clause.
Our legal team will help you create a usage clause that protects your interests without driving away potential tenants. For some clients, this may mean granting them broader usage than others. We will help you determine when this is the right decision for your building.
Rent and Other Costs
Typically, the most important term in commercial leasing and lending contracts is the cost of rent and other associated costs. A tenant wants to know that the rent they are paying for the leased property is of fair market value.
And rent is not the only cost most tenants need to pay. Usually, they are responsible for some or all utilities, some taxes, and purchasing insurance for the property. These added costs can make seemingly fair rent become unreasonable to a tenant.
The rental contract should also specify how changes in terms of the lease can be implemented and when the tenant should expect them. It is usually best to include specifics because an unexpected rent increase could result in you seeking a new tenant.
Our law firm can help you in all the negotiations involved with renting a property. We will work with both parties to ensure that the rental agreement is one that meets everyone’s needs.
Tenant-Specific Details
Before you sign any contract, our legal team will double-check every detail. A standard clause that appears in the rest of your lease contracts may be inappropriate for a specific tenant. We will work with you to draft a lease in which every term is relevant to your specific property and in doing so we will avoid future conflicts with your renters.
Contact Patrick, Harper & Dixon in Hickory, NC, Today
Want to protect your commercial investments in North Carolina when leasing or renting them? The experienced lawyers at Patrick, Harper & Dixon have years of experience helping people navigate these challenges.
Contact our law firm as soon as possible to schedule a consultation with a commercial real estate attorney who can help you create and enforce commercial lease contracts.
