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What steps should I take before signing a commercial lease agreement in Ohio?

Picture of Chris Battis By   ·  1 minute read

Before signing a commercial lease agreement in Ohio, there are several steps that you should take to ensure that the lease is fair and reasonable. These steps include:

  1. Reviewing the terms of the lease: You should carefully review the terms of the lease agreement and make sure that you understand all of the provisions. Pay close attention to clauses relating to rent payments, security deposits, maintenance and repairs, subletting or assignment of the lease, and options to renew or terminate the lease.
  2. Conducting a property inspection: Before signing the lease, you should thoroughly inspect the property to identify any issues or defects that may require repairs, upgrades, or modifications. Take photos and notes of any issues, and bring them to the attention of the landlord for resolution before signing the lease.
  3. Consulting with an attorney: If you have any concerns about the terms of the lease, or if you are uncertain about your legal rights and obligations, you should consider consulting with an experienced commercial leasing attorney in Ohio. They can help you review and negotiate the terms of the lease to ensure that they are fair and reasonable.
  4. Negotiating the lease terms: If you identify any issues or concerns with the lease agreement, you may be able to negotiate with the landlord to amend or clarify certain provisions. For example, you may be able to negotiate a lower rent payment or a shorter lease term.
  5. Obtaining insurance: Before signing the lease, you should obtain adequate insurance coverage to protect yourself in case of unforeseen events, such as property damage, liability claims, or business interruption. Work with an insurance broker to determine the appropriate types and levels of coverage for your business.

By taking these steps, you can help ensure that you are entering into a fair and reasonable commercial lease agreement that protects your rights and interests in Ohio. Remember, if you have any questions or concerns about the terms of the lease agreement, always seek the advice of an experienced attorney before signing.