why do you need an attorney to check a lease?

Here are five reasons you want to have your lease reviewed by a qualified business attorney: A business lawyer will review your lease to make sure the terms are in your favor. When you sign a standard lease for an apartment, the term is typically only a year and most repairs are done by the landlord.

Full Answer

Should you hire a lawyer to break a commercial lease?

The very act of hiring a lawyer shows your landlord that you’re serious and can’t be easily pushed around or deceived. Landlords will be less likely to overstep knowing you have a lawyer on hand who can and will initiate legal action at the first sign of wrongdoing. 2. Commercial leases are typically 3 to 5 years in length.

Do I need a lawyer to rent a commercial property?

Landlords will be less likely to overstep knowing you have a lawyer on hand who can and will initiate legal action at the first sign of wrongdoing. 2. Commercial leases are typically 3 to 5 years in length.

Do lawyers really save you money?

No really, they do. While having a lawyer may initially be an extra expense, he or she seriously has the ability to maximize your return on investment by saving you hundreds or even thousands over the years. Hiring a lawyer (should) cost less than one month’s rent.

How much does it cost to hire a lawyer?

(Good) lawyers PAY FOR THEMSELVES. No really, they do. While having a lawyer may initially be an extra expense, he or she seriously has the ability to maximize your return on investment by saving you hundreds or even thousands over the years. Hiring a lawyer (should) cost less than one month’s rent.

What are 4 things you should do before signing a lease?

5 Essential Things You Must Do Before Signing a LeaseInspect the Property and Record Any Current Damages. ... Know What's Included in the Rent. ... Can You Make Adjustments and Customizations? ... Clearly Understand the Terms Within the Agreement and Anticipate Problems. ... Communicate with Your Landlord About Your Expectations.

What factors should be considered before signing a lease?

Four Factors to Consider Before Signing a Commercial Property Lease AgreementUnderstanding the Different Lease Types. Lease agreements are not all the same. ... Property Lease Length. ... RSF Versus USF. ... Commercial Property Tenant Fit Out.

What are 5 things you should know about in your lease?

Here are some of the things to look for in a lease before you sign it.Landlord Contact Info. Who is your point of contact for the property? ... Break Lease Clause. ... Repairs on Your Rental. ... Property Maintenance. ... Are Pets Allowed? ... Automatic Lease Renewal. ... Additional Fees Associated with the Rent. ... Home Owner's Association.More items...•

What should you do if you don't understand parts of a lease?

If there's something you don't understand, ask the landlord for clarification, or consult a local specialist in real estate law. Bear in mind that while many of these policies are at the landlord's discretion, others (such as the landlord's right of entry and eviction) may be regulated by state or city ordinances.

What happens if you break a lease?

If you've broken your lease and taken off, expect to lose a month's rent. Even if state law requires your landlord to mitigate, most judges give landlords a month of rent as damages, no matter how quickly they advertised and showed the unit—or how quickly they could have rented it if they had tried.

What is the best lease length for an apartment?

One-year leases are by far and large the most popular length for leases. They're good if you have high-quality tenants and an effective tenant screening process in place. In this case, year-long leases are good because it secures good tenants for a long period of time.

Do you pay security deposit before signing a lease?

The security deposit is a substantial amount and needs to be paid upfront; it is held throughout the tenure of your lease. The amount is paid back once the lease is over and the property is inspected for any damage.

What should a rental contract include?

What should be in a tenancy agreementthe names of all people involved.the rental price and how it's paid.information on how and when the rent will be reviewed.the deposit amount and how it will be protected.details of when the deposit can be fully or partly withheld (for example to repair damage you've caused)More items...

What are the basic components of a lease agreement?

Main Parts of a Lease AgreementNames of tenants. Include the first and last name of all tenants who will be residing in the premises. ... Lease Term. What is the length of time that the lease is valid? ... Payment of Rent. ... Deposits. ... Fees, Fines, Charges. ... Responsibilities. ... Access to Premises. ... Use.More items...

What is a legal lease?

A contract or grant that creates an estate in land for a term of years absolute. A legal lease must normally be created by deed; however, there are no formal requirements for the creation of a legal lease for a term that takes effect in possession and does not exceed three years at a full market rent without a premium.

How do you understand a lease?

The 12 Most Important Terms to Understand In Your Lease AgreementTHE TERMINATION DATE AND RENEWAL OPTIONS. ... THE SECURITY DEPOSIT. ... YOUR RENT'S GRACE PERIOD. ... WHAT FIXTURES WILL BE PROVIDED. ... REMODELING RESTRICTIONS. ... THE CONDO OR HOMEOWNERS ASSOCIATION'S RULES. ... THE NUMBER OF OCCUPANTS ALLOWED. ... THE GUEST POLICY.More items...•

What does look and lease mean?

Sometimes referred to as a look and lease, where a renter will get a special deal if they sign a lease the same day they look at a vacant unit.

Your Attorney Can Help You Get A Better Deal

The essence of negotiating an agreement is for each party to get the best deal they can possibly get. However, it will be very difficult for you to do this on your lease when you can barely understand the terms of the thing.

Let Us Help You Review Your Commercial Lease

The real estate lawyers at Jurado & Farshchian, P.L. have several years of experience reviewing and negotiating commercial lease agreements in Miami. Call us today at (305) 921-0440 or send us an email to [email protected] and let us add you to our list of satisfied clients.

Jennie Farshchian

Jennie’s current practice focuses on residential and commercial real estate transactions. She specializes in drafting, reviewing and negotiating leases, purchase contracts, deeds, and other real estate-related documents; handling title issues; and representing lenders, buyers and sellers in the conveyance of commercial and residential real estate.

Why do landlords need a lawyer?

1. The very act of hiring a lawyer shows your landlord that you’re serious and can’t be easily pushed around or deceived. Landlords will be less likely to overstep knowing you have a lawyer on hand who can and will initiate legal action at the first sign of wrongdoing. 2.

What is lease protection?

It's the wording that you have to watch out for. A lease protects the Landlord, so it's favoured in their direction naturally as they are protecting their asset in which they receive cash flow, but a Tenant also has rights they need to be looked after.

How long is a commercial lease?

Commercial leases are typically 3 to 5 years in length. That will feel like an eternity if you are stuck with a lease that is seriously skewed to your landlord’s advantage whether its with arbitrary management fees or ridiculous eviction clauses.

Can you sign a multi-million dollar lease without a lawyer?

Anyone considering signing any kind of multi-million dollar long-term lease/agreement including entry/exit clauses without involvement of a lawyer or subject matter expert should not be holding such level of "authority to decide" ...

Do lawyers pay for themselves?

3. (Good) lawyers PAY FOR THEMSELVES. No really, they do. While having a lawyer may initially be an extra expense, he or she seriously has the ability to maximize your return on investment by saving you hundreds or even thousands over the years. Hiring a lawyer (should) cost less than one month’s rent. It’s therefore worth at least seeing if your lawyer can get you a better deal for the length of your lease.

Is commercial lease review affordable?

Commercial lease review services are more affordable than you think, especially if you consider a legal expert from Groundworks Commercial Leasing, which has been called the “UBER” of law firms because there is no overhead or mahogany desks to pay for. You just get quality advice quickly and affordably.

Heather Morcroft

I agree with the other attorneys and would say that although there is no legal requirement that an attorney write a lease for you, the practical answer is YES!!!!!

Carol Lynne Zimmerly

You should hire an attorney to draft a lease agreement for you. The ones you find online or in stores usually don't have the strongest language with the right kind of clauses to protect the landlord.

Brandy Ann Peeples

First of all, you need to make sure you're complying with all local zoning laws. Some jurisdictions require rental licenses; other zoning ordinances prohibit renting in certain properties. Secondly, while a lease doesn't have to be written in "legalese" there are...

Steps in Bringing Land from Prospect to Mineral Sales

As we said, the lease check is just the first step in moving towards drilling a parcel of land. Once the lease check is complete, and assuming it comes out clear, signing a lease requires some lengthy documentation.

Researching Titles and Deeds Online

For any title or deed research, you need a property address, the name of the owner, past or present, and a date range for narrowing your search. If you happen to know the parcel identification number, you can pull up the property immediately. The PIN is a unique identifier for a tract of land that should bring up only the tract of interest.

Records Included in a Lease Check

A lease check can be seen as a cursory title mineral ownership report, an abbreviated version of a detailed report used later in the process.

Accessing Records

Land record access is simple enough. You go to the county courthouse (in the county where the property is located). Land records are public records; anyone can search them. However, a manual search potentially means handling dusty old ledgers and the possibility that someone else has the file you need.