Some rental relationships do not work out as the parties intended. One of them may not fulfill the obligations outlined in the lease. If a commercial tenant believes the landlord has breached the lease agreement, the first inclination may be to file a lawsuit pursuing monetary and/or non-monetary restitution. However, litigation may not be an option -- at least not right away.
Finding the right property to rent here in Orange County could take some time. A potential commercial tenant considers a variety of factors in choosing a place to set up shop, and the landlord ought to be one of those considerations. In fact, doing some research of a potential landlord could end up saving a tenant some headaches later.
Many Orange County property owners believe that their general liability insurance policies are enough to cover anything that could happen on the property. However, that might not be the case when it comes to the commercial tenants occupying the building. Since that is a special relationship, a landlord may want to obtain some extra protection for issues that arise with a commercial tenant occupying the property.
Finding the right retail space here in Orange County can take a long time. Once a commercial tenant finds it, a lease is signed for a specified period of time after negotiating its terms. One of those terms may have been the option to renew.
The cost of everything continues to rise. Most people who live in California are well aware of this fact as the cost of everything from groceries to real estate keeps going up. When it comes to owning commercial rental property, a landlord may struggle with the rising costs of construction.
Sometimes, business relationships do not work out as intended. The lease arrangement between a commercial tenant and landlord could degrade to the point where eviction becomes an option. However, a California property owner cannot simply tell a renter to leave. A legal process must be followed first.
One of your criteria for a rental space here in Orange County may be that you can customize the space to fit your needs. More than likely, this will require some construction, and how this is addressed in your lease makes a difference. As a prospective commercial tenant, you have the right to negotiate the construction that takes place in the space you intend to rent.
Property owners here in Orange County and elsewhere who intend to rent out space in their buildings may think that leaving the space open for improvements would be the best option. While that may work for certain industries, when it comes to office space, that is not always the right option. A landlord may find that a prospective commercial tenant would prefer a more turnkey property.
Even when rental properties are at a premium in a certain locale such as Orange County, a prospective tenant may be willing to go elsewhere in order to find the right property with the right lease terms. This could be because a landlord failed to offer the appropriate incentives to attract the desired tenant. It may be necessary to give something in order to get a lease signed.
When it comes to renting commercial property, owners have numerous lease options. When determining the best option, an Orange County landlord might consider a NNN lease, also called a triple-net lease. However, some analysis is in order to make sure it turns out to be the best choice under the circumstances.