Why you should have your lease reviewed
There are many tenants, both commercial and residential, who barely read their lease before signing it, let alone having it properly reviewed. This is a mistake that can result in many problems that could have been avoided. When you rent a space you are entering into a legal and financial commitment that can impact you and your family well into the future. As such, it is always a good idea to have a specialist look over your lease, just to be sure you are not signing something that puts you into an unfavorable situation. Some of these situations include being responsible for maintenance in their unit, paying more rent than they otherwise anticipated, or not being able to keep their pets. To this extent, utilizing document review services is something that all those who are about to sign a lease contract should consider doing. The investment in understanding your legal obligations is essential.
The first step is to obtain a copy of your lease agreement before signing. Usually, a review can be done in just a few days, so everything will be ready in due time. When you hire legal document review services you can ask someone with experience any questions you may have and you will receive competent answers. A poorly written contract can be the cause of many disputes between landlords and tenants, and is something that you should not overlook before renting. Lease document review services become even more important in the case of commercial leasing. If you want to rent a space to open a business, you need to make sure that you will not have any problems in the foreseeable future.
Business owners who have been forced into looking for a different space for their stores have had to deal with additional costs, not to mention that for a moment their customers were not able to find them. Most residential leases have a twelve month term, but a commercial lease can be signed for decades at a time, and be reviewed indefinitely. This type of a commitment is huge, and can have serious consequences for everyone involved. To avoid and minimize and problems before they start, the lease should be carefully drafted and reviewed by both the landlord and the tenant. This helps to clarify everyone’s role in the relationship that they are entering into. Hiring a lawyer or law firm to review your documents is a cost-effective way to manage your new relationship and will provide you with the tools you need to understand and negotiate the best deal possible.
To conclude, before signing a lease you should always make sure that you understand what you are agreeing to. If you are not sure about your contract, using a law firm such as Kontract.ca is a very good way to protect yourself and your family from unexpected problems in the future. Experienced lawyers will look over your contract and offer you a full review with everything you need to know and the main topics that you should be aware of.