What are some key considerations when negotiating a commercial real estate lease?

One of the most important considerations when negotiating a commercial real estate lease in Washington is the term of the lease. Be sure to negotiate a lease with a realistic end date that works for the both of you. Secondly, pay attention to the rent that will be due. Make sure the rental rate is fair, takes into consideration market rates, and take into account any incentives that may be available to you. Also, carefully review the responsibilities of the tenant and the landlord during the lease. Who is responsible for maintenance, repairs, and capital improvements? Who will be responsible for taxes and insurance? Make sure these responsibilities are clearly indicated in the lease. Finally, consider the “rights of first refusal” and other contingencies that may be included in the lease. These are important clauses that provide either party with the right to buy the property, or major improvements to the property, in the event of a sale. By keeping these considerations in mind, you can be sure that your commercial real estate lease agreement in Washington is both fair and beneficial to both parties.

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What are some key considerations when negotiating a commercial real estate lease?

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