Commercial leases, read before you sign.
A commercial lease can run five to ten years and bind you to costs the headline rent never mentions. Khan Law drafts and reviews leases for landlords and tenants so the obligations are clear before signing.
Book a 15 minute callWhat the base rent hides
Most commercial leases are net leases. On top of base rent the tenant pays a share of property tax, insurance, and common area maintenance. Khan Law confirms how those charges are calculated and capped so there are no surprises in year two.
Renewal, assignment, and exit
Renewal options, assignment and subletting rights, and demolition or relocation clauses decide whether your business can grow or move. Khan Law negotiates these terms rather than leaving them to the landlord standard form.
For landlords
Khan Law drafts leases that protect rent, secure the premises on default, and hold up if enforcement is needed at the Superior Court.
Important considerations
- Additional rent often exceeds base rent over a long term. Model the full cost.
- A personal guarantee survives the corporation. Negotiate its scope.
- Demolition and relocation clauses can end your tenancy early. Know them before signing.
Frequently asked
Should a tenant have a lawyer review a standard lease?
Yes. Standard form leases favour the landlord, and the additional rent and exit terms are negotiable. A review costs a fraction of a single year of additional rent.
How long does a lease review take?
Khan Law typically returns a marked up lease with comments within three to five business days.