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Need help with your commercial lease?

As your Illinois business grows, you may not be able to continue running things from your garage or the space where you currently are. At some point, you may need to search for other commercial properties that will allow your business to meet customer demands and continue its path to success. However, in signing a lease, you may need help to ensure the terms are fair and beneficial.

The terms of many commercial leases are negotiable. This means that you have the right to negotiate with the landlord and pursue terms that are beneficial and practical for the goals and operations of your company. A lease is an important legal contract, and you would be wise to be cautious and careful before you sign.

What things do you need to include in your contract? 

The right terms for your commercial lease depend largely on the goals of your business, what you need to operate on a daily business and the types of goods or services you offer. You may be able to work with your landlord to seek terms that will work well for you not just now but for the duration of the lease. Some of these things include: 

  • Potential rent increases over the terms of the lease – You would be wise to ensure you are not agreeing to increased rates during your lease, as this could pose unexpected financial problems for your company.
  • Improvements and changes to the space – Your lease should address who is responsible for potential changes you may need to make to the space, including repairs, remodeling, exterior adjustments and more.
  • Breaking the lease or subletting – A commercial lease should include terms that address what will happen if you need out of the lease early or if you wish to sublease after vacating the space early.

These are just a few of the issues you would be wise to look at as you pursue a final lease agreement that is smart and workable for your company needs.

Protecting the long-term interests of your company

If you are seeking to lease a commercial space or you want to know more about how you can possibly negotiate beneficial terms for your business, you may find it beneficial to speak with an attorney experienced in real estate law. The terms of your commercial lease can impact your business for years, and securing terms that are reasonable, sustainable and practical for your specific operational needs is critical.

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  1. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

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  2. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

  3. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

  4. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

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Essig Law Office

Washington Office 135 Washington Square Washington, IL 61571 Phone: 309-481-2431 Fax: 309-444-1916 Map & Directions

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