| Harris & Hilton, P.A. assists both landlords and tenants with the
negotiation, drafting and preparation of leases for commercial
properties. Commercial leases often include lengthy, complex,
and intense negotiations. This process may involve the
identification and discussion of various issues including
the proposed parties to the lease, term of the lease,
rental amounts, payment of percentage rent, CAM charges
and taxes, and the identification of the leased premises.
Additionally, negotiations may include discussions of
landlord and tenant work to be performed, HVAC systems,
whether the landlord is delivering a cold dark shell or
vanilla box, repair and maintenance obligations, option
periods, assignment and subletting, parking easements,
guaranty agreements, subordination and attornment provisions,
and default and remedies.
There are characteristics unique
to different types of commercial leases that should be addressed.
For example, a restaurant lease raises issues relating to health
department code, grease trap compliance, handicap access, exterior
signs, ABC permits, and hours of operation. In comparison, a shopping
center lease may entail issues regarding CAM charges, percentage
rent, cross access parking, insurance, taxes, exclusive and restrictive
use provisions, dark provisions, and occasionally water and sewer
allocations.
For questions or assistance with commercial leases,
please call us at 919.848.6164 or Email
David.
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