When you rent a commercial space for your business, you need to sign a commercial lease agreement – which is a legally binding contract that spells out the terms and conditions of the lease.
A commercial lease not only specifies your rights and responsibilities as a tenant, but also specifies how you can use the space and what kind of modifications (if any) you are allowed to make. Simply put, the terms of a commercial lease agreement can impact your business to a great extent. This is why it is critically important for you to get the lease agreement reviewed by an experienced Texas commercial lease attorney.
At Kelly Legal Group, we have a team of board-certified attorneys who have extensive experience in drafting, reviewing, and negotiating commercial leases. No matter what kind of space you want to rent and what kind of business you plan to run, we can draft a lease agreement, negotiate with the landlord on your behalf, and make sure your rights and business interests are protected.
What Are the Key Elements Listed in an Austin, TX Business Lease Agreement?
- The type of commercial real estate property that is being leased (office, retail, hospitality, industrial, or mixed-use).
- Square footage and physical boundaries of the property.
- Length of the tenancy.
- Security deposit.
- Rent and other charges that are to be paid by the tenant.
- Who will be paying property taxes and other real estate taxes.
- Whether the lease can be renewed and if so, under what terms.
- How the tenant can use the property.
- What kind of modifications or improvements the tenant can make.
- Circumstances under which the lease can be terminated or broken.
What Are the Different Types of Commercial Leases in Austin, TX?
Under a net lease agreement, you are required to pay a base rent as well as a portion of the operating expenses. The portion of expenses you are required to pay generally depends on the type of agreement you sign.
- Single Net Lease – Base rent and a portion of property taxes.
- Double Net Lease – Base rent and a portion of property taxes and insurance.
- Triple Net Lease – Base rent and a portion of property taxes, insurance, electricity, and maintenance costs.
Under a percentage lease agreement, you are required to pay a base rent, a portion of the operating expenses, as well as a percentage of your business’s monthly revenue.
Under a gross lease agreement, you are required to pay a yearly flat fee, which includes rent and a portion of the property’s estimated annual operating expenses.
How Our Austin, TX Business Lease Attorneys Can Help You
At Kelly Legal Group, we understand how good lease management practices simplify the process for both the landlord and the tenants. Our highly-rated attorneys can advise prospective tenants and help protect their best interests at the time of signing the lease contract.
We can review the lease agreement, negotiate the terms and conditions with the landlord on your behalf, and make sure the agreement does not contain any clause or provision that can limit your rights as a tenant or impact your business in any way.
We can negotiate, review, and draft lease agreements for a wide range of businesses including, but not limited to:
- Retail stores
- Office spaces
- Industrial facilities
- Medical facilities
Depending on the business you run, we can also negotiate with the landlord to include an exclusive-use clause into the agreement so that they cannot rent their property office or property flex space to your competitors.
We can make sure that the agreement does not grant the landlord the right to terminate the lease early for frivolous reasons. In the event of a dispute, we can represent you, negotiate with the landlord, and take steps to resolve the issue as fast as possible so that your business interests are not harmed.
We also represent landlords in commercial lease-related disputes. We can help you with a number of lease-related issues including:
- Collecting past-due rent
- Lease violations by the tenant
- Property damage caused by the tenant
- Evicting the tenant
- And more
Call our law firm today at 512-505-0053 or get in touch with us online to schedule a free consultation with one of our experienced Austin, TX commercial real estate lawyers.