Commercial Lease
More than 40 Years of Real Estate Law Practice in Yamhill County, Washington County, Clackamas County, Marion County, and Polk County, State of Oregon.
Larry K. Gray & Associates P.C. will strive to achieve the best outcome for every client through reasoned, logical, informed, effective advocacy.
At Larry K. Gray & Associates, P.C., the emphasis and focus are to provide sound advice, top quality document preparation, and/or reasoned advocacy for our client. We strive to provide professional, timely, and cost-effective results to meet the client’s legal concerns. Our proficiency, effectiveness, and integrity have earned us a reputation as one of Yamhill County’s premier legal offices.
At times, you may find yourself in situations or with problems that you cannot resolve on your own. Our legal counseling is designed to assist you and your family with courtesy and respect in such difficult periods. Knowledgeable advice acquired from decades of legal experience can help you formulate a course of action to free yourself from a complex legal maze.
Larry K. Gray & Associates, PC
Most small businesses will lease office, retail, warehouse, land, and/or manufacturing commercial real estate space. The owner of a commercial rental space can be a local individual, regional developer, or national real estate company. Some small local owners use a simple preprinted written lease agreement, but most commercial property owners have a long detailed written commercial lease. Unlike residential leases, there is very little Oregon statutory law applicable to commercial leases. The terms of the written commercial lease specify and control the rights and obligations between the commercial landlord and tenant. The rational behind this concept are that two knowledgeable businessmen can each look after their respective financial and legal interests: the principle of caveat emptor (buyers beware) is very alive and well in commercial leases.
The commercial lease should include basic terms such as the amount of periodic rent, when rent will increase, length of the lease, rights of renewal, who can make improvements, costs of improvements, who covers utilities, who will make repairs, and who will be financially responsible for repairs. When a written lease is referred to as a standard form lease by a property owner, the potential tenant needs to understand there is no universal standard written commercial lease. The property owner is referring to its preferred terms for a commercial lease. Most property owners’ commercial leases are primarily or exclusively worded to protect the property owner. There is sound reasoning for taking this approach. The property owner is the owner and has the right to set the terms under which the owner will let someone else possess and use the commercial space.
However, the potential tenant needs to have an excellent understanding of the tenants rights and obligations under the terms of the commercial lease. Are the terms of use, rent, length of lease, and future financial responsibilities acceptable to the potential tenant? If the landlord is prepared to negotiate a modification of the terms to address the potential tenant’s concerns, any modifications must be reflected in the written terms of the lease. Verbal agreements left out of the written agreement will most likely be disregarded when there is a dispute.
An experienced real estate attorney familiar with commercial leases can help you understand the confusing terms of the lease, help prepare and submit counter proposals, help negotiate terms, and help you in enforcement action on the commercial lease.
For a knowledgeable, experienced, and cost-effective Commercial Real Estate Attorney, contact
Larry K. Gray & Associates, P.C.
Larry K. Gray has been
helping clients for more than 40 years.
Larry K. Gray & Associate, P.C.
404 East First Street
Phone: (503) 538-1350
Newberg, Oregon 97132
The information on this website is not intended to be legal advice regarding your particular legal problem, and the presentation of this information does not create an attorney-client relationship. An attorney-client relationship will only exist after a mutual agreement to establish an attorney-client relationship.