Our Cook County commercial real estate attorneys discuss the different types of commercial leases and tips for negotiating these leases. The different type of leases are: single net lease or net lease, net-net or double net lease, triple net lease, and full service gross or modified gross lease. While some commercial leases may truly be non-negotiable, almost every landlord or listing agent allows some “wiggle room” for negotiation. Negotiations can go back and forth several times, so be patient. If you have not heard back on your offer for 1 or 2 business days, feel free to follow up. Some tips for negotiating this lease are: identifying the length or term of the lease you would prefer, research comparable rents, determine you desired occupancy date, demanding favorable clauses, and reading the termination clause closely.
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In this article, our Cook County commercial real estate lawyers explain the common situations in which business owners should consult with their attorneys, including: incorporation, annual maintenance, contracts, employees, dispute resolution/litigation and collection, solutions for distressed businesses, exit strategies, and estate planning.

In this article, our Cook County commercial real estate lawyers explain the process of having a commercial lease or commercial real estate contract reviewed by an attorney.  We explain how bullet point opinion letters can make the process cost-effective, allowing you to decide which issues you would like to negotiate. The next step in the process would be discussion with the client, and then after that would be communicating the proposed changes to the other party. Finally you would review the revised contract you had made to make sure everything is in order.