Commercial Real Estate Law

Posted by admin filed under Commercial Real Estate Law.

Commercial leases come with several terms, conditions and legal clauses that impact the property owner as well as the tenant with what may be involved, how the lease functions and what is paid. Typically, the lease specifics cover who pays for what service or commodity, the repairs and maintenance that need to be paid for and other relevant issues. This eventually determines whether the costs are shared between the tenant and the landlord or one party bears all the expenses. One must consult a real estate lawyer in case a conflict arises.

The HVAC part – aspects of heating, ventilation and air-conditioning systems – of a lease could be specified as to be paid either in entirety by the tenant or landlord, or as a shared responsibility. Typically, a lease is created through need, legal representation and negotiation. When tenants require a commercial property for a corporate or other business, they may or may not retain a real estate lawyer helping them negotiate the terms and the leaseholder may probably be fully responsible for bearing the HVAC maintenance and costs. However, the state laws could require a shared payment.

The situation may figure itself out on who is responsible for the replacement of HVAC and other systems. The tenants may have to do replacements when they have damaged the heating or air-conditioning unit unless the lease clauses explicitly state otherwise. However, the landlord often has to pay for the replacement when it is part of maintenance. Knowing the requirements of real estate laws, the lease specifications, and possibilities of lease modifications can help you better understand such situations. When local laws specify requirement of shared payment, then no modification in lease can happen.

It is imperative that any lease clauses are effectively analyzed by a reputable, experienced lawyer in order to prevent the tenant from doing any serious blunders that could result in several future issues. The negotiated HVAC replacement should be handled with aggressive legal representation in order to protect the property rights of the clients.

For more information or to schedule a free consultation, contact Casement Law Group, P.C. today at (847) 278-8657 to speak with a reliable, well-versed real estate lawyer on this topic.