Review Your Florida Commercial Lease with a Local Broker

When the time comes to review your commercial property lease in Brevard County, you may want to seek the advice of a local broker before you sign your next contract. Depending on your industry and business needs, you may discover that there are a few terms you can negotiate with the property owner as you compare your lease to other properties in the area. Learn how a conversation with a local broker may help your business goals.

What Makes a Commercial Lease Agreement?

If you are a new business owner, you may be unfamiliar with the terms of a commercial lease. Here are some qualities unique to a commercial lease according to Florida law:

1. Commercial leases provide fewer consumer protections than residential leases.
2. Commercial leases do not use a standard form such as residential leases do.
3. It’s common to negotiate terms, such as monthly rent, rent increases, and lease length, when signing a commercial property agreement. 
4. Commercial contracts are more binding than residential ones, requiring longer termination notices and having higher penalties. 

Questions to Ask Before Signing a Commercial Lease Contract

So, you have found a commercial space that fits all of your needs. Before signing the lease, you will want to go over the contract with your broker. Brewer Long Business Law recommends commercial tenants ask the following questions when they are reviewing the lease terms:

• How and when can I renew my lease?
• How and when will rent increases be calculated?
• When are rental payments due?
• Is there a rent reduction for signing a long-term lease?
• Are insurance, property taxes, and maintenance included?
• How much is the security deposit and when will it be returned?
• May I modify or improve the space?
• Where can I hang signs?
• Is subleasing permitted?
• What are the notice requirements or penalties for terminating the lease?
• How will disputes be handled?

Florida Commercial Real Estate Brokers

The team at Ullian Realty are experts in Brevard County commercial real estate. We can help you find the right property for your business and assist you in negotiating the terms of the lease. Contact us today to meet with our team of professionals.