As lawyers, we see lease agreements and manage commercial lease disputes across a variety of industries on a day-to-day basis. We have an in depth understanding of what to expect and what leverage we can use during negotiations.
Having represented both tenants and landlords, we have a great understanding of the needs and interests of both sides.
A well-structured lease with due diligence can avoid complications down the road. Consequences of which can be detrimental to your business in expensive penalties. Multi-year agreements must undergo extensive scrutiny by a lawyer, especially those that cannot be easily terminated, to ensure that your interests and business goals are protected.
If you are a landlord, we can guide you through the most optimal approach to your tenant(s) and help identify your leverage for negotiations. We conduct the necessary check on the potential tenant and their business status, and ensure they can rightfully enter into a lease and fulfill their obligations under the lease. This includes a check of authorized signatories, as well as the potential tenant’s debts and liabilities. During the negotiations of the agreement, we will review the tenant’s requests and advise you on whether those changes will be acceptable or of any risks that may arise.
If you are a tenant, we can help guide you through your landlord’s expectations, their major concerns, and what can be traded during negotiations. Lease agreements are typically drafted by the landlord and as a result are more favourable to their interests. It is up to you as the tenant to negotiate for your interests. We review all paperwork and advise you of possible risks and suggest changes. These often include aspects such as the permitted use of the premises, restrictions on subleasing, or excessive financial obligations. Additionally, we will do our due diligence of the landlord to ensure they have the title to the premises, and they are authorized to enter into the lease.