Renting a Business Property: 2 Ways a Property Lawyer Can Help
Posted on: 28 December 2017
If you are planning to rent a business premises, you should consider hiring a property lawyer who will be able to help you to assess the terms of the lease and to negotiate with the owner of the property. Below is a guide to 2 things that a property lawyer will be able to help you with.
The Rights to Carry Out Alterations to the Property
Once you have moved into a commercial premises, you may wish to carry out modifications to the space so you can ensure that stock and customer service areas are in the ideal position. If you carry out alterations to the interior of a property without the landlord's permission, you may be evicted for breaking the terms of your rental agreement. A property lawyer will be able to negotiate the extent to which you can modify the property and will detail the rights you have in terms of remodelling. Sometimes, a landlord will permit specific superficial cosmetic changes but may forbid structural changes such as the removal of walls and windows. If you have not managed to secure these rights, you should not attempt to make changes with the explicit permission of the owner of the property.
The Rights For the Exclusive Use of the Property
When looking to hire a property, it is essential that you establish the rights for the exclusive use of provisions and that these are listed in any tenancy agreement. The exclusive use provision offers you protection against any the risk that your landlord will rent out another part of the property to another business which operates in the same sector as you and which would present direct competition. A property lawyer will be able to ensure that the owner of the commercial property will not lease out another unit within the property to a rival business. For example, if you are planning to open a sporting goods store and you sign a contract which gives you the exclusive use of provisions, the landlord will not be able to rent out any other part of the building to another sports store. The contract should detail any penalties which the property owner will face if they break the terms of the exclusive use agreement.
If you would like to find out more about how a property lawyer can help you to secure a rental space for your business, you should contact your local law firm today.
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