If you are a property owner or a business owner in the state of Florida, you may be interested in negotiating a commercial real estate lease. You may be doing this from the perspective of earning money from your property, or you may want to have a space from which to run your business. No matter which side you are on, it is important that you understand the relevant aspects of the law.
There are many different types of commercial leases. The type of lease that will work for you will depend on your circumstances. This is why it is so important to know the ideal outcome for you and what factors are vital to negotiate.
What are the most common types of commercial leases?
One of the most common types of commercial leases is a gross lease. This is a contract in which the property owner pays for essentially all associated costs of running the building. This includes utilities, taxes, repairs and adequate insurance coverage.
On the other end of the spectrum, a triple net lease is one in which the renting business pays for all additional costs themselves after the basic rent.
What other factors are important during negotiations?
It is a good idea to make sure the length of the lease is appropriate. In addition, improvements to the space may need to be conducted before the commercial real estate lease is signed.
There can be many complications in regard to the negotiation of a commercial real estate lease. An attorney can help you understand how to protect yourself when signing a lease in Florida.