Looking to rent your business' first commercial space, or moving to a new space, can be both exciting and intimidating. While it is fun to imagine your business operating from this new space, it can also be challenging when it comes to understanding and negotiating the specific terms of the lease you will have to sign. If you are looking to lease a new space, it is important to discuss the lease and its terms with an experienced real estate attorney in Scottsdale before you sign it. When an attorney reviews your commercial lease, he/she can not only advise you as to the meaning of specific provisions of the lease, but also explain how those provisions will affect you and/or your business. Quite often, commercial leases are either double-net or triple-net leases. The cost difference between these two can be astronomical, especially if you are looking to lease space in an older building. If you sign a lease without having someone review and explain its terms to you, you may be shocked when you are told several months later that you need to pay to have the building's air conditioning unit replaced. Replacing a commercial AC unit can cost you tens of thousands of dollars. If you are not financially prepared for such an expense, it can bankrupt your business and you personally. Having an experienced Scottsdale real estate attorney review your commercial lease can not only give you peace of mind, it can save you thousands of dollars, and might even save your business. The Peddy Berg Law Firm 6380 E. Thomas Road, Suite 328 Scottsdale, AZ 85251 USA (480) 382-3109
