What to expect during commercial lease transactions

On Behalf of | Apr 21, 2017 | Uncategorized

When opening a new or additional business location, Missouri business owners will face plenty of vital details to address first. Besides the work involved in the physical move, there may be some unexpected or unknown issues to handle after a commercial lease is signed, such as licenses and permits, lease details and multiple inspections.

In regards to commercial licenses and permits, prior to moving into the facility, it is a good idea for business owners to find out which ones they are required to obtain. In fact, it is best to address this issue as part of the due diligence process before signing a lease.

Then there are details about the commercial lease to consider. Business owners should make sure they have a copy of the fully executed lease that outlines purchase options, possible rent increases, renewal dates and information about how the rent is to be paid and where it should be sent. Of course, the lease should have the signatures of all parties involved.

Another important matter before moving into the facility is to ensure that there are no problems with the building and its systems, which is accomplished by inspections by a professional. While this should be done before the lease is signed, most lease contracts allow inspections within the first 30 days afterwards. Problems that were uncovered via inspections must be remedied by the owner. The lease should outline who must pay for any system repairs and if any systems are covered by a warranty.

Successful commercial developers understand the importance of adhering to every legal detail. An attorney could offer valuable advice that could help them avoid disputes down the road.

Source: Orange County Register, “Commercial real estate: A new lease is signed – now what?”, Allen Buchanan, April 17, 2017


Contact Information

Long & Robinson, LLC
1800 Baltimore Avenue
Suite 500
Kansas City, MO 64108

the top 50 construction law firms construction executive 2019
super lawyers long & robinson, LLC featured in Super Lawyers business edition
CLSA top construction lawyers
Expertise Best Real Estate Lawyers in Kansas City 2020

Our condo association was faced with monumental construction issues thanks to the original developer of our complex. We were cash poor and in no position to get legal representation without a contingency fee arrangement. Luckily for us, Scott Long and Burke Robinson were willing to take us on as clients. Their work ethic, professionalism and knowledge of condominium construction served our association very well. Any association would be well served in hiring these gentlemen to represent them.

Board of Directors - Plaza Gardens on the Lake Condominium Owners’ Association Lake of the Ozarks, MO

Read More Testimonials

Let Us Help You

Contact our Kansas City Construction Law Firm by calling 1-800-523-5786 or by completing this contact form.

email our team today