DGAA bLAWg

Issues in Commercial Leases

Web Admin - Tuesday, April 07, 2015

commercial leases in Illinois, Inverness commercial real estate lawyerA key to the development of a successful business is finding the best possible location in which to set up your company. This is especially true when the nature of the company necessitates that the customer visit the business space. In order to obtain space, it is common for a company to enter into a commercial lease. Business owners should be aware of issues related to commercial leases when it comes time to negotiate and agree to the lease agreement.

What to Look for in Commercial Leases

A commercial lease is a contract between a business and a landlord for the rental of space in a building. Importantly, property is zoned for specific purposes, which may differ from what the landlord is advertising the space for or what the previous tenant used the space for. A property can be zoned for different types of uses, such as residential, commercial, or industrial. What the property is zoned for will determine the type of activities that can be conducted in the rental space. For example, the Schaumburg zoning ordinance divides the village into zones or districts and places restrictions on permitted uses within those designated areas. Therefore, a property owner should check with the local zoning authority to determine what the space is zoned for.

The length of a commercial lease is an important issue to resolve. For a business in its initial stages, the risk of failure is high. As a result, entering into a lengthy lease term is usually not advisable, particularly if the agreement contains an acceleration clause. An acceleration clause gives the landlord the ability to request the entire unpaid rental amount for the remainder of the lease term. A long lease term puts the company at the risk of being obligated to pay a substantial amount of money for space that it is no longer using.

For new businesses, negotiating for shorter lease terms with several renewal options can help address the possibility of the business failing. Another great option is to negotiate for an escape clause that frees the business from the rental agreement in the event the business fails. Alternatively, longer lease terms may be perfectly suitable for more established businesses. Longer lease terms can be helpful because the location of the rental space can provide value, particularly if customers frequently visit, as, for example, in the case of a restaurant or retail store.

Other Issues

Some other issues that should be addressed in the lease agreement include:

  1. 1. The right to place signs in and/or on the rental space;
  2. 2. Whether common areas or facilities (like restrooms) can be accessed by employees and customers; and
  3. 3. Whether parking areas can be used by employees and customers.

If these issues are not specifically addressed in the agreement, it is likely they will require the consent of the landlord, which may not be granted. Therefore, it is important to resolve these issues before entering the agreement.

It is important to keep in mind that these are only a few of the considerations when negotiating a commercial lease. If you are in the process of searching for commercial space, contact an experienced Illinois commercial real estate attorney today. Drost, Gilbert, Andrew & Apicella, LLC represents clients in locations such as Inverness, Palatine, and Schaumburg.

About the Author: Founding partner of Drost, Gilbert, Andrew & Apicella, LLC, Colin Gilbert, received his J.D. from Chicago-Kent College of law in 2005. Colin argues cases across many practice areas including criminal defense, collections, civil litigation, real estate law, and corporate law. Colin is an active member of the Board of Governors of the Northwest Suburban Bar Association and the Illinois Creditors Bar Association. He is currently Vice President of the Arlington Heights Chamber of Commerce, and is a Commissioner for the Village of Arlington Heights. Colin has a 10.0 Attorney rating on Avvo, and was named one of the 2014 “Top 40 Under 40” Trial Lawyers in Illinois by the National Trial Lawyers Association.


Recent Posts


Tags

Illinois lawyer workers compensation benefits federal regulations for LLCs license suspension spinal cord injuries bad faith insurance claims probate process Crystal Lake traffic lawyer Kenilworth estate planning attorney Chicago traffic lawyer employment law life insurance lawyer Des Plaines drug lawyer Barrington civil litigation attorney internet living trust vs will Rolling Meadows Attorney Illinois business lawyer eluding a police officer DGAA bike accident Des Plaines claims law firm Inverness real estate lawyer Illinois pedestrian accident attorney Schaumburg Attorney traumatic brain injury gift tax exemption, estate planning, estate planning strategies, Illinois estate planning, South Barrington estate planning attorneys real estate Schaumburg personal injury attorney llinois Real Estate Lawyers Association insurance adjusters problem employees Des Plaines injury law firm Barrington employment attorney trustee Illinois medical malpractice lawyers Buffalo Grove traffic attorney Des Plaines accident attorney DUI penalities traffic deaths real estate attorneys Illinois motorcycle accident lawyer Palatine corporate law attorneys consent to a search Crystal Lake pedestrian accident lawyer Illinois traffic attorneys life insurance DMV Super Mario Landlord Tenant Ordinance workplace sexual harassment drunk driving statistics Barrington employment law attorney Illinois job attorney spinal cord injury probate claims Des Plaines tax law firm life insurance policy Deer Park traffic accident attorney digital evidence rumble strips Whistleblower Claims Arlington Heights car accident lawyer tax attorney Arlington Heights wills and trusts attorneys denial of life insurance construction accidents, personal injury, wrongful death, Arlington Heights personal injury attorneys, workers' compensation condo drunk driving Legal Info blood alcohol content Forcible Entry insurance denials Illinois workers compensation lawyer Illinois Wage Payment and Collection Act wrongful termination, employment law, whistleblower protections, Illinois employment laws, discrimination in the workplace personal injury, auto accident injuries, delayed injuries, serious injuries, Des Plaines personal injury attorneys elder abuse Schaumburg criminal attorney Long Grove estate planning attorney Buffalo Grove traffic lawyers owner responsibility Des Plaines Traffic Lawyer Palatine traffic lawyer Arlington Heights Traffic Lawyer Barrington boating accident attorney vacation home fines Illinois personal injury lawyers trench injuries landlord tenant law Illinois insurance claims lawyers insurance claim dispute medical malpractice condo association denied insurance claim traffic offenses clemency Rolling Meadows litigation lawyer boating accidents Barrington Traffic Lawyer speeding murder charges taxes Rolling Meadows boating crash lawyer employment attorney license revocation Riverwoods estate planning lawyer murder revenge porn FMLA denial of insurance claim employment lawyer license advance healthcare directive Illinois personal injury lawyer Barrington Illinois estate planning lawyer insurance dispute attorney Fair Labor Standards Act material misrepresentation suspended license Policy Cancellation car accident lawyers Illinois employment law Crystal Lake will lawyer Mount Prospect wills and trusts lawyers Arlington Heights personal injury attorney estate planning trusts Schaumburg real estate lawyer overtime violations Deer Park motorcycle accident lawyer Colin H. Gilbert automated cars Schaumburg criminal law attorney medical malpractice, missed diagnosis, delayed diagnosis, medical mistake, Deer Creek medical malpractice lawyers marijuana Inverness corporate attorney Schaumburg employment attorney nursing home negligence Long Grove wills and trusts attorneys hands free device Barrington criminal lawyer driving Inverness probate lawyer Arlington Heights personal injury lawyer Barrington estate planning lawyer car crash injuries medical research Illinois registered agent elder law Arlington Heights lawyer construction contracts Rolling Meadows traffic law firm insurance agent negligence Illinois insurance claim dispute lawyer job lawyers Schaumburg drug defense lawyer motorcycle accident Illinois trucking safety privacy laws traffic laws Illinois employment attorneys Schaumburg medical malpractice lawyer top life insurance claim denials Buffalo Grove real estate attorney premises liability personal injury claims Barrington injury attorney Illinois medical malpractice attorney Schaumburg elder law lawyer cell phone tower data estate planning, digital assets, Revised Uniform Fiduciary Access to Digital Assets Act, Illinois digital assets, Illinois estate planning, Illinois living will rollover accidents Palatine civil litigation lawyer deadly crashes ObamaCare business litigation Rolling Meadows insurance attorney South Barrington real estate lawyer vacation home Mount Prospect elder law attorney hit and run accident estate tax Illinois Crystal Lake car accident attorney Chicago estate planning first degree murder swimming pools Rolling Meadows Traffic Lawyer Illinois insurance claim dispute lawyers GM ignition switches home inspection lawyer employment law, Illinois employment laws Exclusions Deer Park accident attorney Illinois attorney Inverness insurance attorney Rolling Meadows insurance dispute lawyers unpaid overtime Palatine probate lawyer Buffalo Grove corporate attorney Family Medical Leave Act Inverness real estate attorney insurance claims Colin Gilbert Barrington criminal defense lawyer Rolling Meadows criminal lawyer Des Plaines personal injury attorney Barrington employment law firm Palatine traffic accidents real estate zoning pizza emoji Rolling Meadows personal injury lawyer cause-of-death exclusions Illinois insurance lawyer Arlington Heights car crash attorneys Illinois wills and trusts attorneys Illinois rollover accident lawyers Illinois Smoke Detector Act Des Plaines medical malpractice attorney estate planning attorney fatal car accidents Deer Park personal injury lawyer Schaumburg corporate attorney dog bites reckless homicide crossover accidents Long Grove real estate attorney real estate attorney surgical mistakes beneficiary complications Illinois traffic laws Illinois employment law attorneys pedestrian accidents Chicago will attorney, social media platforms, Illinois estate planning lawyer, Do Not Resuscitate Illinois elder law attorney employee discrimination Illinois medical malpractice claim Arlington Heights employment law attorneys Chicago will attorney natural gas explosion trucking accidents Illinois law Barrington personal injury attorney paid sick leave digital media accounts, estate planning, Arlington Heights estate planning attorney, wrongful termination institutional trustee drug crime preventable medical errors Rolling Meadows personal injury attorney Illinois speeding lawyer license reinstatement Illinois real estate Inverness elder law lawyer Buffalo Grove personal injury attorney homestead rights Crystal Lake insurance lawyer Illinois small business Crystal Lake criminal defense attorney Retaliatory Discharge dynasty trusts drug crimes bicycle accidents Rolling Meadows real estate attorney Crystal Lake accident attorney employee rights Palatine workers compensation lawyer Palatine injury attorney texting and driving drug possession Rolling Meadows Palatine elder law attorney Barrington litigation attorney Arlington Heights estate planning attorney Food and Drug Administration's Food Safety Modernization Act Mt Prospect Attorney boating under the influence Arlington Heights real estate lawyer Schaumburg traffic lawyer product liability unauthorized overtime independent contractor workers compensation installment contracts coronavirus construction accidents involuntary manslaughter estate planning for college students Rolling Meadows marijuana attorney Schaumburg employment law attorneys Illinois employee rights attorney. special needs trust back injuries criminal insurance claim denial mass shooting Rolling Meadows probate lawyer murder defense Palatine trusts lawyer insurance disputes, Illinois insurance disputes, Illinois insurance dispute attorneys, denied insurance claims, Arlington Heights insurance dispute attorneys Des Plaines personal injury lawyer no contest clauses Rolling Meadows DUI lawyer Illinois Sales Representative Act Chicago biking tips car crash investment property insurance agents Deer Park DUI lawyer Illinois employment law attorney work unions Barrington drug crime attorney Thanksgiving Illinois collections attorney Des Plaines insurance attorney distracted driving accidents comp time living trust benefits insurance disputes Illinois Transfer on Death Instrument IRS Palatine employment lawyer medical malpractice compensation Buffalo Grove personal injury lawyer Illinois defective products attorney Rolling Meadows traffic attorney social media after death real estate closing ACA Des Plaines real estate attorney personal injury attorney Schaumburg life insurance attorney Crystal Lake medical malpractice attorneys Chicago car accident lawyer breach of contract Chicago employment lawyer personal injury law firm Schaumburg estate attorney how to avoid common denials of life insurance claims denied insurance claims commercial leases Illinois employment lawyer Palatine employment law lawyer Rolling Meadows business lawyer Illinois Human Rights Act Des Plaines motorcycle accident attorney Crystal Lake personal injury lawyer federal crimes Schaumburg civil litigation attorney pregnant women School Visitation Rights Act sole proprietorship BAIID Mount Prospect real estate lawyer personal injury accidents Rolling Meadows corporate lawyer pedestrian-automobile accident Arlington Heights medical malpractice lawyer real estate lawyer Barrington personal injury lawyer Crystal Lake medical malpractice lawyer changes to mortgage law Schaumburg personal injury lawyer Deer Park criminal attorney boating DUI POA minimum wage digital information Illinois civil litigation lawyer Palatine employment attorney whistleblower protections Des Plaines DUI attorney operating agreements BAC blended families loopholes head on collisions Inverness traffic law firm Illinois driving without license deed transfer Rolling Meadows estate planning attorney jet ski Des Plaines Illinois traffic attorney accidental death benefits pet law texting while driving insurance dispute Affordable Care Act breathalyzer test Chicago insurance law firm Crystal Lake civil litigation lawyer DUI attorney Palatine estate planning lawyer dealing with problem employees Rolling Meadows criminal attorney estate planning, death tax, succession plans, business estate plans, Barrington estate planning lawyers Palatine law firm Schaumburg car accident attorney Crystal Lake employment attorney Home Sale Contingencies overtime pay insurance claim Arlington Heights traffic attorney liability claims Arlington Heights tax lawyer residential real estate Arlington Heights wills and trusts lawyer guardianship attorney Illinois workplace lawyer low-ball insurance settlement CAM Illinois tax attorney in terrorem provision Crystal Lake car accident lawyer Illinois mortgages underinsured motorist Chicago lawyer Illinois home inspection insurance attorney Barrington estate planning attorney Chicago estate planning lawyer medical marijuana underfunded trust products liability Illinois Probate Act of 1975 Rolling Meadows employment law attorney insurance negligence Crystal Lake injury attorney personal injury claim right to work marijuana crimes attorney hiring employees Illinois probate lawyer Illinois business law atorneys loss of consortium probate DUI Illinois wrongful termination lawyer Crystal Lake tax lawyer wills life insurance claims Illinois trusts attorney Palatine criminal defense lawyer Federal Food Drug and Cosmetic Act fiduciary rule Crystal Lake business law attorneys Palatine punch death rest breaks Crystal Lake employment lawyer probate claims process Palatine insurance lawyer personal injury lawyer Arlington Heights employment attorney traffic tickets slip and fall accidents traffic accidents underage DUI Schaumburg estate planning attorney employment contract, employment law, employment at-will, Deer Park employment law attorneys, contract, financial advisors most common reasons for life insurance claim denials Transfer on Death Instrument Illinois insurance attorney Home Remodeling Repair Act Illinois car accident attorney Rolling Meadows insurance lawyer power of attorney Illinois estate planning attorney Arlington Heights insurance attorney Illinois DUI attorney sexual harassment forming a corporation in Illinois filing a medical malpractice claim civil litigation attorney Deer Park employment law attorney Crystal lake insurance dispute attorney foreclosure Chicago insurance claim attorneys South Barrington real estate attorney civil rights violation Illinois jet ski accident lawyer Buffalo Grove car accident lawyer insurance claim denials capital gains tax medication errors Buffalo Grove employment lawyer digital assets, digital fiduciary, estate planning, digital content, Long Grove estate planning lawyers pedestrian accident Barrington life insurance lawyer Buffalo Grove probate lawyer probate lawyer car accidents mortgage Des Plaines criminal attorney preventing accidents IRA benefits life insurance claim denial, denial of life insurance claim insurance claim dispute attorney Arlington Heights trucking lawyer Long Grove estate planning attorneys Long Grove real estate lawyer car collision Crystal Lake law firm Illinois criminal defense attorney Illinois real estate lawyer irrevocable trust subcontractor truck collisions defective products Rolling Meadows employment law attorneys car accident slip and fall healthcare Des Plaines personal injury lawyers trucking accident lawyers insufficient documentation Arlington Heights Attorney commercial real estate Barrington workers compensation attorney Inverness civil lawyer natural gas trauma after an accident pain and suffering Arlington Heights injury attorney Arlington Heights pedestrian accidents Illinois traffic accident lawyer Rolling Meadows personal injury lawyers estate plan uninsured motorist Attorney Ken Apicella Schaumburg Arlington Heights accident attorney Rolling Meadows employment attorney Barrington business law firm Illinois Trust Code Des Plaines collections attorney appealing an insurance claim PTSD cell phone golf accidents Rolling Meadows insurance dispute lawyers, insurance dispute wage theft car accident lawyer trust payments Illinois workers compensation attorney Deer Park workers compensation lawyer Palatine business attorney Illinois personal injury BUI Chicago attorney severance agreements manufacturing drug crimes lawyer Schaumburg injury lawyer Arlington Heights wills and trusts lawyers insurance dispute, insurance dispute lawyers, insurance claim denial, insurance claim delays, Rolling Meadows insurance dispute attorneys caregiver Des Plaines civil attorney senior citizens comparative negligence rent to own real estate contracts pay when paid contract holiday statistics Illinois personal injury attorney Barrington attorney Illinois wills and trusts Buffalo Grove injury lawyer Buffalo Grove medical malpractice lawyers civil litigation healthcare claims Illinois traffic ticket lawyer employment contract estate planning expungement Illinois pet lawyer income distribution deducation lapse in policy Crystal Lake employment law attorney Employment Discrimination Law Deer Park medical malpractice attorney traumatic brain injuries modern family estate planning probate fees privacy Illinois will lawyer dram shop law ken apicella contracts wrongful death Illinois insurance dispute lawyers Arlington Heights TBI attorney Buffalo Grove life insurance attorney sexual images Crystal Lake medical malpractice law firm criminal record Arlington Heights wills and trusts attorney Illinois corporate lawyer rollover car crashes Des Plaines real estate lawyer Crystal Lake bike accident lawyer health insurance dispute traffic crimes Crystal Lake traffic attorney compensatory time Rolling Meadows tax attorney Arlington Heights criminal lawyer DNR Buffalo Grove criminal defense lawyer unpaid assessment commercial leasing Class A misdemeanor Liquor Control Act Rolling Meadows life insurance claim denial attorney Self-Directed IRA Accounts jet ski accidents Deer Park real estate law firm Illinois Workers’ Compensation Commission brain injury car crashes Joliet general practice lawyers Detainer Actions Palatine corporate attorney criminal defense Illinois LLC creation medical malpractice claims Des Plaines drug crimes lawyer liability startup company Palatine real estate lawyer disability benefits employees Palatine construction attorney agent food poisoning Illinois injury lawyer LLCs defective products lawyer Inverness estate planning lawyer Kenilworth estate planning lawyer cell phone accidents caretaker rights liens Chicago trucking accident attorney creditors personal injury estate attorney Illinois red light cameras landlord controlled substance foreclosed rental property fault based insurance digital assets gift taxes pedestrian injuries, pedestrian fatality Palatine civil attorney Rolling Meadows accident lawyer estate planning lawyer Inverness DUI lawyer DUI defense Rolling Meadows medical malpractice lawyers workers comp Illinois employment law firm Inverness accident lawyer Deer Park traffic lawyer Fourth of July field sobriety test real estate contract Barrington real estate lawyer Schaumburg construction accident lawyer living wills Inverness injury lawyer Crystal Lake personal injury attorney power of attorney for healthcare Crystal Lake estate planning lawyer Schaumburg probate attorney FSLA Chicago employment attorney Illinois construction accident attorney anesthesia errors child safety Schaumburg estate planning lawyer Chicago life insurance attorney employee misclassification meal breaks motorcycle accident lawyer Buffalo Grove law firm Crystal Lake pet attorney criminal law Jay Andrew attorney fees Palatine personal injury lawyer trusts Buffalo Grove insurance claim dispute lawyers distracted driving accident victims living trust Palatine Attorney Illinois boating accident lawyer drugs traffic violations defense wills and trusts Illinois insurance claim attorney corporate law Illinois estate planning Rolling Meadows car accident lawyers small business Palatine drug lawyer Kenilworth estate planning attorneys Schaumburg wrongful death attorney college kids Chicago corporate attorney Illinois medical malpractice case unfunded trust pet bites IRA trust transfer Des Plaines pet law attorney Rolling Meadows drug defense attorney Schaumburg personal injury lawyers new real estate form real estate leasing Illinois employment laws Barrington medical malpractice lawyers traffic violations Illinois estate planning law firm Schaumburg insurance lawyers Inverness personal injury attorney IRELA Long Grove estate planning auto accidents Illinois workplace discrimination attorney Palatine life insurance lawyer insurance claim delay icy parking lots bicycle dooring accidents fiduciary rule delay Illinois bicycle safety TBI employment law, meal breaks, rest breaks, hotel employees, Des Plaines employment law attorneys insurance denial appeals Illinois insurance disputes

Archive