Commercial Lease Negotiations | Boulder Real Estate Attorney
As a Boulder real estate attorney James Newell routinely helps tenants and landlords with matters involving commercial leases. Simply put, a lease is a contract pertaining to the use of a specific piece of real property for a period of time, whether a fixed period or terminable at will. Leases are governed both by the law pertaining to the relationship between landlords and tenants and the law of contracts.
Commercial leases are governed by much of the same case law and many of the same statutes as residential leases. Unlike residential lease negotiations, however, commercial lease negotiations are not viewed by the courts or the Colorado legislature to be marked by a significant disparity in bargaining power between landlords and tenants. In commercial real estate transactions, including leases, the landlord and the tenant are assumed to have a parity in their respective bargaining power and sophistication. As such, Colorado courts are more reluctant than in the residential context to grant either party leeway with regard to the terms of a lease. As with LLCs agreements, parties to commercial leases must be careful to “scriven with precision.”
Although commercial leases are often assumed by prospective landlords and tenants to be relatively simple collections of boilerplate provisions devoid of important differences from any other commercial leases, each lease is different. The provisions contained in any given lease, and the facts surrounding any given landlord-tenant relationship, are vitally important when determining the rights and responsibilities of the parties. It is essential to have a knowledgeable, experienced commercial real estate attorney on your side to help you understand and negotiate your commercial lease.
If you are involved in commercial lease negotiations or need need your commercial lease reviewed and are looking for a Boulder Real Estate Attorney with a results oriented approach tailored to your matter’s specific needs, contact Newell Law. We have the experience and knowledge help you understand and negotiate your commercial lease.