Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

When I lease a commercial office space, is it absolutely necessary to hire an attorney to go over the contract?

0
Posted

When I lease a commercial office space, is it absolutely necessary to hire an attorney to go over the contract?

0

Answer Mike- Although real estate attorneys and realtors deal in many of the same issues, each has expertise in matters that the other does not. If your commercial lease is a relatively simple arrangement without any complicating terms, it is tempting to think that you can do without an attorney to advise you. Still I believe you would be taking unnecessary risk. A related mistake that many businessmen make is to ask an attorney that they have used for another business matter to also advise them on their proposed commercial real estate lease. You should find a legal specialist that deals with commercial leases on a daily basis. If the attorney you choose is a specialist he should be able to provide you with the legal advice you need for a very reasonable fee. He will also be able to tell you in simple understandable language – while providing you germane examples, why he advises you to seek the changes he suggests in the proposed lease. Often, an attorney who specializes in divorce or

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.