Our Springfield commercial lease attorneys explain the important causes to be aware of in your commercial lease. These include:

• Termination notice
• Approval of alterations
• Repairs
• Use of the property
• Indemnification clause
• Attorney fee clause

‍Read the full article by our Springfield Commercial Real Estate Contract Lawyers discussing which clauses you should include in your commercial lease. 

Issues can arise during the process of buying, selling, financing and developing commercial property and our Peoria commercial attorneys are here to make the process less intimidating and help you navigate it effectively.

Commercial real estate purchases also have many more laws and regulations than buying a home, all of which must be followed in order for the transaction to be valid.

Your attorney will review all the pertinent information and documents and consult with you regarding financing, construction, zoning and environment laws, title insurance, taxes, and any other questions or issues associated with land use and development.

Read the full article by our Springfield commercial real estate contract attorneys regarding the risks of not using an attorney when buying or selling commercial real estate. 

Springfield commercial real estate attorneys discuss the charges that commercial tenants may be required to pay in addition to base rent. These may include a share of taxes, utilities and common maintenance charges.

The additional rent will change from year to year. If you believe your landlord is overcharging you, the best solution is to audit the landlord's expenses and verify that the common maintenance charges are being charged at market value, as opposed to an inflated price because of either a sweetheart deal or landlord embezzlement.

For this reason, it is imperative that your lease include a clause that gives you the right to audit the landlords’ records. If your lease does not include this clause the landlord is not required to provide records.​

Read the full article by our Springfield commercial real estate contract attorneys regarding common area maintenance audits.