At TdD Attorneys at Law LLC, we understand that renting space for your business to operate is often more hassle than opportunity. A lease is NOT an inconsequential contract and can have significant financial and operational impacts on your business. Before negotiating the details of the lease agreement, it may be strategic to negotiate a letter of intent (LOI) that covers the general terms of type, square footage, price, duration, tenant improvement, etc. That leaves the details to be negotiated in the final lease, which is where most people get themselves in trouble.
The most common forms of commercial leases used in commercial, office, industrial and retail real estate are:
Whether it’s seeking protections if an anchor tenant leaves or goes out of business, ensuring that you have the three-phase electric necessary to operate your equipment, determining what happens if the owner is foreclosed, finding out what personal guarantee is required, or ensuring that the terms regarding attorney’s fees are fair, the experienced commercial leasing attorneys at TdD Attorneys at Law are here to help. Call us today at (314) 819-5713 for an initial consultation with a lawyer in St. Louis. You may also reach our team via email.
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