Minneapolis Commercial Lease Attorneys Protecting Your Business Interests
A commercial lease can shape your business for years. Rent, operating costs, renewal terms and property restrictions can all affect your budget and future plans.
At Madigan, Dahl & Harlan, P.A., we help commercial tenants and property owners review, negotiate and enforce lease agreements. Our Minneapolis commercial lease attorneys provide clear guidance focused on protecting your business and financial interests.
Understanding Minnesota Commercial Lease Terms
Commercial leases are different from residential leases. Many rules that protect residential tenants do not apply in the same way to businesses. Because of this, the lease itself often controls many of the rights and duties of each party.
We help clients review and negotiate terms involving:
- Rent and rent increases
- Maintenance and repairs
- Insurance requirements
- Property improvements
- Permitted property uses
- Defaults and remedies
- Dispute resolution
A careful review before signing can help uncover costly or one-sided terms. It can also reduce the chance of disputes later.
Watch For CAM Charges And Other Operating Costs
Base rent is often only part of the total cost of a commercial lease. Tenants may also have to pay common area maintenance (CAM) charges, taxes, insurance, utilities and other expenses.
These costs can add up quickly. So, the lease should explain what the landlord may charge and how those costs are calculated.
Tenants may also be able to negotiate protections. These can include limits on certain increases, exclusions for some expenses or the right to review CAM records. Our commercial real estate attorneys help clients understand these costs and negotiate clearer lease terms.
Plan For Renewals, Subleases And Early Exit Options
Business needs can change. A company may grow, move, restructure or need less space before the lease ends.
Renewal options can help a business stay in place. Assignment and sublease rights can give tenants more flexibility. Early termination clauses may also provide a way to leave the property before the lease expires.
At Madigan, Dahl & Harlan, P.A., our lawyers help clients structure these terms with both current and future needs in mind.
Get Legal Guidance Before You Sign
The dedicated team at Madigan, Dahl & Harlan brings practical business insight to commercial real estate matters. Contact our Minneapolis office to discuss your lease and the steps you can take to protect your interests. Call 612-604-2000 or send us an email today.
