Why Would You Need a Lawyer When Leasing A Commercial Property in Parramatta?

You might have asked yourself the same question at one point or another, perhaps if a business colleague or somebody you know in the Parramatta area is leasing a commercial property and mention that they are using a lawyer. It’s not like it’s a legal requirement or anything so, why would you pay out money for somebody when you could, perhaps do it alone?

Renewing your lease

Agreed, this probably isn’t something that springs to mind when you think about taking out a lease, but, it’s important to know all the facts before you sign anything. Knowing your rights when it comes to renewing your lease might be something you overlook when planning your business growth and projections, unless you know what you’re doing, you might be looking for a new premises when your lease ends.

Generally speaking, you should have the right to renew your lease at the end of the term unless you’ve done something seriously wrong or, the landlord wants to use the property for redevelopment. It could be that you accidently, agree not to have a secured tenure lease and, how would you know if you don’t use a lawyer?

Ending the contract

From a tenant’s perspective, it can be really useful to have some kind of a clause in the lease agreement that entitles you to end the contract within a certain time, something you can be sure of if and when you use a commercial lease lawyer in Parramatta, it will be one of the points of discussion. Just imagine if, you wanted to move, but you had to wait another 6 months or so before doing so, being able to break away from the rental agreement could be just the answer.

Maintenance

Unlike a residential lease it can be quite normal that the tenant assumes responsibility for any repairs or maintenance that needs doing. If it’s the first time that you’ve entered into a commercial property lease, then you might be unaware to what extent those obligations reach to, you could find yourself paying out much more than you had expected to. Especially if you don’t have a professional survey done prior to signing anything.

Give yourself a helping hand

Based upon those reasons alone, that should be enough to answer the original question, some people will still try and go it alone but, the wise choice would certainly be to at least, consult with a lawyer before jumping in head first.