Tinley Park Commercial Real Estate Contract Attorneys | Commercial Real Estate Contract Lawyers in Tinley Park

In this video, our Tinley Park commercial real estate attorneys discuss why it is important to use a attorney when buying or selling commercial real estate property. A commercial lease varies from a residential lease, and there are different things to look out for in each. Our Tinley Park 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

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In this video, our commercial real estate attorneys explain how a real estate attorney is a valuable asset to have when navigating real estate leases. A variety of issues can arise during the process of buying, selling, financing and developing commercial property and our Tinley Park 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 Tinley Park commercial real estate contract attorneys regarding the risks of not using an attorney when buying or selling commercial real estate. 

Tinley Park commercial real estate attorneys discuss negotiating the right terms for a commercial lease can benefit your business in a variety of ways. In this video, we explain how to negotiate a favorable commercial lease.Remember, as a business owner, it is your responsibility to read your commercial lease and completely understand all of its terms. A great commercial lease can make or break your business. Leases are legal contracts, so they should be closely examined prior to signing.

There are 5 different types of commercial leases:‍

• ‍Single Net Lease, or Net Lease: Tenant only pays for utilities and property taxes. Landlord pays for maintenance, repairs, and insurance.‍
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• Net-Net, or Double Net Lease: Tenant pays for utilities, property taxes, and insurance premiums for the building. Landlord pays for maintenance and repairs.‍
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• Triple Net Lease: Tenant pays for all costs of the building, and landlord pays for only structural repairs.‍
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• Full Service Gross, or Modified Gross Lease (also called Modified Net Lease): Tenant and landlord equally split structural repairs, utilities, property taxes, maintenance, repairs, and insurance in a single “base rent.” This is the most common type of commercial lease when it comes to multi-tenant buildings

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