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Commercial lease disputes: What you need to know

| Sep 26, 2016 | Commercial Real Estate |

If you’re involved in commercial real estate, you know how important it is to understand the finer details of a lease. At first glance, a lease is nothing more than a document that both parties sign to keep everyone protected. And while this may be true in an overall sense, it goes much deeper than this.

Even if both parties enter a lease agreement with the best intentions, there could come a time when a dispute arises. If this happens, it’s imperative to find middle ground and come up with a solution in a timely manner.

There are many reasons for a lease dispute between a commercial property owner and tenant. For example, the tenant may be interested in breaking the lease early because they’re going out of business or need more space. In this case, a dispute can quickly escalate, causing both parties to be faced with a variety of challenges.

It doesn’t matter what side of the fence you’re on, there’s nothing fun about being involved in a commercial lease dispute. In fact, this can be both time consuming and costly.

To help avoid trouble in the future, don’t sign a commercial lease until you fully understand what you’re getting into. Along with this, it’s good practice to have an attorney review the contract as well.

At our law firm, we’ve experienced firsthand the impact of a commercial real estate lease dispute. Fortunately, we’ve yet to run into an issue that is too complicated to solve. Even when things look bad, there’s always a solution to be had.

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