Disputes involving commercial leases can arise because of reasons, including conflicts about the rent to be paid or the conditions of the lease itself. It can be challenging to negotiate the complicated legal landscape and defend your rights and interests when involved in a commercial lease dispute. It’s crucial to seek the assistance of a skilled and seasoned attorney because of this, read more to understand how an attorney can help you.
Here are some common causes of commercial lease disputes:
Dispute regarding rents:
Rent payment is one of the most commonly observed problems in commercial lease disputes. Sometimes landlords may claim that the other party has not paid the rent on time. Tenants may counter that they have made the payment but it has not been acknowledged or credited. To avoid such events, it is crucial for both parties to maintain thorough records of rent payments, including receipts, bank statements, and any written correspondence. These documents can be used to substantiate their claims in the event of a disagreement.
Upkeep and Repairs:
Repairs and upkeep are other prevalent causes of disputes in commercial leases. Tenants are responsible for keeping the property in good shape, while landlords are responsible for maintaining the property and carrying out necessary repairs. Both parties must analyze the lease agreement to understand their respective obligations in the event of a disagreement. In some circumstances, a neutral third party, such as a building inspector, may be consulted to evaluate the circumstance and offer an unbiased evaluation.
Termination of Lease:
Commercial leasing disagreements can occur if one party wants to terminate the lease. For instance, if the tenant broke the conditions of the lease, the landlord would try to terminate it. Likewise, if the landlord neglected to maintain the property, the renter might want to do the same.
Modifications to the Property:
Commercial lease disagreements may also result from property modifications. For example, a tenant might desire to make changes to the property to better fit their commercial needs, but a landlord might counter that doing so would diminish its value or violate the conditions of the lease.
Commercial lease disputes may be intricate and challenging to settle. However, landlords and tenants can successfully negotiate these disagreements and come to a resolution that is in their best interests with the assistance of an experienced lawyer. It is crucial to get the advice of a skilled real estate lawyer if you are involved in a commercial lease dispute so they can assist you to understand your rights and obligations and lead you through the dispute resolution procedure.