Whether you are in the beginning stages of launching a new business or your company has been running for decades, commercial real estate is a topic that remains central to the success and longevity of your endeavor. From the location of your business to the rising costs of renting a space, commercial real estate matters can have a strong and lasting impact on your company. For example, if the owner is raising the rent of the commercial property you are leasing and you believe the proprietor is asking for too much, it can be difficult to express your disagreement in a productive way. Or, if the landlord is refusing to refund the security deposit you know you are owed, this dispute can turn heated and escalate to the point of litigation. While Texas does not require disputing parties to hire attorneys to help them resolve commercial lease or real estate disputes, taking this step is highly recommended-especially for tenants. When you enlist the guidance of a trusted and experienced Texas commercial real estate attorney, you can trust that your legal advocate will be independent of the real estate representative, leasing agents, and brokers and will assess the details of your case and identify the most strategic path forward. Moreover, working with a real estate lawyer before you sign a commercial lease can help you minimize your liability and reduce the likelihood of future litigation or costly legal headaches. Let’s take a look at some of the advantages of working with a commercial real estate lawyer in Prosper, Texas.
Reviewing the Terms of the Commercial Lease
The majority of legal disputes involving commercial leases arise from poorly written or overly vague contracts between the property owner and the tenant. Unfortunately, many business owners are so relieved to find a retail space that fits their needs and occupies a desirable location that they rush through the lease signing process, even when the lease is clearly overreaching. This eagerness can make you and your business vulnerable to liability issues and other disputes down the road, and you may assume that all rental contracts are the same. Commercial leases are legal contracts, meaning the terms are negotiable. As a tenant, you do not have to accept all of the terms and conditions as they are written. Instead, you can work with your real estate attorney to review the fine print and propose changes to the document that protect your interests more soundly. For example, you may negotiate more favorable terms regarding deposit requirements, utilities, and maintenance obligations, terms of access, subletting provisions, and other relevant matters that pertain to your business. When you work with a dedicated and skilled commercial real estate attorney to review the lease agreement, you can fortify your legal protections and face the future with greater certainty and confidence.
Complying With All Relevant Laws
Many business owners are not aware of the complex laws and regulations governing real estate matters in Texas. For instance, zoning and construction laws may change and affect the terms of your commercial lease or the operation of your business. It can be difficult to keep up with these changes, and you may not recognize that you have fallen out of compliance with the most current rules and regulations. Working with a knowledgeable real estate attorney is the best way to ensure that you remain compliant with all zoning, business, and tax laws that affect your company. Essentially, having your attorney go over these matters with you on a regular basis will minimize your risk of future liability or litigation.
Legal Advocacy When a Commercial Lease Dispute Arises
Even the most compliant and cautious business owners may find themselves facing a legal dispute at some point. These disputes can escalate quickly and consume considerable time, energy, and resources to achieve a resolution. As soon as you learn that a disagreement has arisen, reach out to an experienced Texas real estate attorney to discuss your options. The sooner you take action, the more likely you will be able to resolve the matter in a productive and efficient manner. Your attorney will identify your dispute resolution options, such as negotiation, mediation, or arbitration. These paths encourage the disputing parties to participate in shaping the outcome, and they tend to be less time-consuming and expensive than litigation. You can discuss the specific details of your situation with your real estate lawyer to explore the most appropriate option to help you obtain a fair and favorable resolution.
Guiding You Through the Litigation Process
Some commercial real estate matters require litigation to achieve a resolution. This legal process can seem daunting for both landlords and tenants, but it’s essential to recognize that you do not have to move.
through this stressful process alone. Hiring a dedicated and trusted Texas real estate attorney is the best way to feel supported and empowered as you work to resolve the dispute. Whether your landlord is locking you out for nonpayment or you are disputing the terms of the lease, having an attorney by your side to advocate for your best interests can provide you with the reassurance you need to move forward with confidence. Together, you and your attorney can pursue and employ a sound legal strategy that maximizes your chances of obtaining a reasonable solution. This is not the time to take on this monumental task by yourself. Reach out to a skilled real estate attorney right away to receive the guidance and support you deserve.
Keeping the Future Bright
It’s no secret that commercial real estate matters can escalate quickly into complex disputes. Purchasing, selling, and leasing commercial real estate involves a considerable investment and long-term commitment, so it’s important to safeguard your best interests and financial investment as much as possible. If you are ready to learn more about how to protect the future and stability of your business, reach out to a seasoned commercial real estate attorney today to discuss your goals.
If you have questions about a commercial lease matter, the dedicated and experienced real estate attorneys at Sewell Sewell Beard LLC are here to help you explore your options and obtain your desired outcome. Call our Prosper, Texas office at (972) 777-5390 to get started.
