Bailey Legal Services, PLLC, Understands Commercial Real Estate Leases

Commercial real estate leases in West Virginia have many complicated issues that business owners have to address. Bailey Legal Services, PLLC, in Barboursville, WV, will address some of these complexities in this month’s blog. When you lease a property, you have certain rights. This applies to both tenants and landlords. Each needs the other to handle business.

When you hire one of our qualified lawyers, you hire a great resource for handling a variety of issues. You have rights, whether you rent your property or you are the one who owns it. Let’s take a look at commercial real estate leases in West Virginia, which go beyond how much rent is.

Know the Purpose of the Property, the Area, and How Work is Done

If you are a tenant, you should know what you can do on the premises. Landlords have the right to decide what work you can do on their commercial real estate property. You may have one business idea in mind as a tenant, but you need your landlord to agree. Think about the methods you must incorporate to do the work. This can affect whether you will be able to honor your lease.

Know Your Operating Expenses, including Maintenance and Repairs

These costs can change, and you should understand who is responsible for them. Real estate taxes may have also been passed to you. Make sure that the amount of expenses you take on is proportionate to the amount of space you use. This can help you to avoid unexpected costs. Get copies, in case there is a dispute later.

Make Sure About Security, Carve Outs, and Terms

Tenants should be considerate of how much security they are willing to provide. Do not give a parent guarantee. Make sure that you have carve outs available, in the event that there is a problem. Also, be aware of how long you agree to do business on that property. If you have issues, make sure you reach out to one of our skilled lawyers.

For more quality help with commercial real estate leases, call the skilled business lawyers at Bailey Legal Services at (304) 736-0801. Follow us on Facebook for more great information. We are ready to help you with commercial real estate leases in West Virginia.