Lease Drafting and Negotiation

Lease Drafting and Negotiation

Leases fall into two general categories: residential and commercial.

Residential leases are contracts to rent a house, apartment, condominium or other dwelling. These leases tend to be done on standardized forms and are subject to various standard terms. However, they can also vary depending on the situation, so if you are concerned, a lawyer can review the lease to make sure it meets your needs prior to signing.

Commercial Leases, on the other hand, are subject to far fewer built in restrictions. The parties to a commercial lease are free to choose whatever terms and conditions best meet their goals. As a result, commercial leases are typically more complex than residential leases and should have a lawyer involved from the beginning of the process. Commercial Leases may also be lengthy and involve complicated contingencies as well as a percentage of revenue as part of the rent. Each of these terms should be carefully reviewed and negotiated before entering into an agreement.

If you want to contact Owens and Perkins regarding the review or drafting of a residential or commercial lease, click here.

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