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Commercial leasing and mold: Be sure to address it in your contract

| Dec 23, 2020 | Commercial Real Estate |

One big issue in some properties is the propagation of mold throughout the building. If you run a business out of a commercial space that you’re renting, it’s important that the building is safe. Exposure to molds of certain kinds can be dangerous, which means that someone needs to address it.

Toxic mold risks could put your customers, employees and self at risk of injury and adverse health effects. There have been high-profile lawsuits against companies in the past for failing to deal with mold. In this case, though, who needs to address it? Should your landlord be taking care of the property and hiring a team for mold mitigation? Is it your responsibility as the tenant?

Look at your contract to find out about mold and damage to the property

It is vital that you look at your contract the moment you realize there is mold in the property. In some cases, your landlord will be on the hook for mold mitigation support. In other cases, your landlord may need to reach out to a construction firm about work that has led to mold or take other steps to pursue a resolution to the problem.

If the contract states that you’re responsible for mold or other damage on the property, then it will likely be your responsibility to cover the bill.

To prevent issues with mold that later lead to litigation, it’s always a good idea to check for pre-existing mold issues before you rent. You should also have an assessment done on the building to check for toxic mold before you sign any leasing agreement.

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