Commercial Leases

GSS LAW FIRM understands the seriousness of leasing a business premises and its long term effect both on your financial as well as legal obligation. There are usually hidden costs, obligations and other financial pitfalls which will not be told to you by a commercial realtor of the landlord unless you ask for them. Many people rely on verbal promises of the realtor which are of not much use to you when you have signed a legally drafted lease.

Tenants should understand that a commercial lease is usually drafted by landlord’s lawyer and will often be offering maximum protection to the landlord. A commercial lease lawyer can assist you in understanding your obligations and rights whether you are entering a new lease or renewing it.

Landlords often keep using the same lease which was drafted by their lawyer 10 years ago. Often landlords miss common area expenses or additional rent items for which tenant is generally obligated. We can review a lease for landlord, and can draft it properly to protect a landlord’s interests.

The life cycle of a lease generally includes issues such as commencement time, rent and any additional rent, personal guarantees, common area costs, indemnifications to the landlord, the terms for renewals, renewal costs and end of lease obligations. Every foregoing issue has some subtle terms which only a lawyer can understand, thus, drafting or reviewing of your lease can save you legal headache and thousands in costs.

GSS LAW FIRM can advise landlords and tenants of the following commercial premises:

• Office
• Retail space
• Shopping centre
• Industrial
• Warehouse

We can assist in NEGOTIATING LEASES.