Real Estate Law

Commercial Leases & Negotiations

Experienced Commercial Leasing Lawyers in Toronto

A commercial lease is a legally binding, written agreement between a landlord and a business tenant. Leases allow tenants to use a commercial premise to run their business for a specific period of time. A commercial lease is often one of the largest expenses for any business venture.

GLG LLP has established a robust commercial lease and commercial real estate practice. The firm regularly advises clients and assists with lease agreements for small business and property owners. Their services include:

  • Lease reviews and other due diligence;
  • Negotiating the terms of a commercial lease;
  • Landlord and tenant disputes; and
  • Drafting leases for property owners.

The commercial lease lawyers at GLG LLP in Toronto, draw upon their extensive business law experience to assist business clients with all aspects of negotiating and finalizing lease agreements. Meticulous and detail-oriented, they take care of the fine print, logistics, and negotiations to secure an optimal space for their clients’ business ventures.

GLG LLP can assist clients on a one-time basis or can be retained as outside general counsel to help with multiple lease agreements as the business grows. They will re-negotiate lease terms if business needs change, or handle dispute resolution should any problems arise with the landlord.

Understanding Commercial Leases

Commercial leases include a number of terms and conditions not always found in residential leases. These can include:

  • Repair clauses;
  • Leasehold improvements;
  • Taxes;
  • Escape Clauses;
  • Sublet Clauses;
  • Options for first refusal;
  • Space and services included; and
  • Type of business permitted to operate on-premises.

 

In order to minimize risk, it is imperative to obtain guidance and legal advice from a commercial leasing lawyer who is well versed in negotiating the often-complex nuances that go into a commercial lease agreement.

For Assistance with Commercial Lease Agreements Across the GTA, Contact GLG LLP

Contact GLG LLP in downtown Toronto for assistance with finalizing or renewing a commercial lease agreement. Their commercial lawyers have extensive experience drafting and reviewing lease agreements of various sizes and across multiple industries. To schedule a confidential consultation, call 416-272-7557 or fill out the online form.