Goodsill Anderson Quinn & Stifel
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If you are renting commercial property to run your business, you have to think about all the different costs that come with it. Just paying the rent each month is just the start.
One of the other major costs you might face is maintaining this property. You need to maintain or resolve any issues that may arise and hamper your business productivity. But who is responsible for this maintenance, you or the owner?
What type of lease did you sign?
The answer is not simple, as it may differ from case to case. It all depends on the type of lease you signed. A standard lease may state that you are responsible for rent and utilities, for example, while the landlord is expected to pay for general building maintenance.
Alternatively, you may have signed a triple net lease. This is a type of commercial lease that transfers all cost responsibilities to the tenant. You have to pay property taxes, you have to pay maintenance and everything else.
This is why it is so important to read the lease carefully at first. Never assume that all commercial leases are the same or that you know exactly what you are signing. Take the time to carefully consider all of your legal options and think about what you are looking for when accepting a lease.
If you find yourself embroiled in a dispute over your commercial lease, perhaps because you think the landlord should cover the costs they claim you are responsible for, you also want to know about the various steps you can take to resolve it. .
The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.
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