Commercial Leasing Attorney
Serving El Segundo, Torrance and the South Bay
Commercial real estate lease agreements are complex arrangements that can involve significant investments and long-term obligations. Before entering into a contract, it is critical that you understand the agreement, and your rights and responsibilities under it.
Carico Johnson Toomey LLP has extensive experience negotiating and preparing commercial lease agreements involving a wide range of commercial properties including office leases, warehouse leases, retail leases, shopping center leases, and ground leases on behalf of landlords and tenants.
We also negotiate mutually beneficial annual rental increases and lease terms. A long term lease provides the landlord with the benefit of having occupied space and steady rental income, while tenants may be able to negotiate various concessions. While many landlords prefer this arrangement, a short-term lease with an option to renew can also be negotiated.
Common Issues in Commercial Lease Agreements
In addition to expertise in negotiating and preparing leases, the attorneys at Carico Johnson Toomey LLP routinely handle a wide range of matters related to commercial leasing including negotiating improvements, permitted use, subleases, and assignments.
Depending on the type of property and the nature of the business that is leasing the premises, improvements to the space may be necessary. In many cases, a landlord and tenant will need to consider alterations, renovations and remodeling, often referred to as “build-outs.” Some of the factors involved in negotiating for build-outs include: the type of improvements to be made, which party will pay for the improvements, which party is responsible for overseeing the work performed, and whether the tenant will be required to restore the space to its original condition if and when the tenant vacates the space.
Commercial leases typically include provisions concerning permitted use for the space. In the event a business expands to other purposes and provides other products and services, it is essential to negotiate broad terms for permitted usage.
Subleases and Assignments
In the event a business fails, it is in the mutual interest of the landlord and tenant to consider rights to sublet or assign the lease to another tenant to avoid being locked into an agreement.
Because of the complexities of leasing commercial real estate, it is essential to retain an attorney who can help you understand your rights and obligations before entering into an agreement. In the event of a landlord/tenant dispute, our attorneys will strive to ensure that the parties achieve a fair and equitable settlement. At the law firm of Carico Johnson Toomey, LLP, we will provide you with a high level of personal service.