Starting a new business is an exciting time for many Orange County entrepreneurs. The urge to get started can sometimes be difficult to deny, but with so many matters to attend to before opening the doors, patience may be a virtue even if it is not appreciated. This may especially true when it comes to signing a commercial lease since taking the time to ensure that it is ready for a signature may take some time.
For instance, commercial tenants may want to thoroughly read the lease in order to ensure that they understand everything it contains. A lease is a contract, and once signed, the parties are bound by its terms. If something is not clear, it should be explained and dealt with, if needed, prior to executing the document. This includes any of the terminology included in it.
If an Orange County entrepreneur is forming an entity for a business, then it may be advantageous to have that step completed prior to signing a lease. This could provide some protection for the business owner if something happens. With the right entity structure, the company takes on the liability for anything that goes wrong.
These are just two of the considerations that potential tenants may need to attend to prior to signing a commercial lease. Other considerations include the explanation of CAMs, or common area maintenance items, capital expenditures and dispute resolutions, among others. In order to be sure that a lease is ready to sign, it may be a good idea to consult with an experienced attorney who can make sure that a tenant’s rights are protected and that the best deal possible was negotiated.