Milwaukee Commercial Lease Attorneys

Lawyers Drafting and Negotiating Commercial Leases in Milwaukee, WI

Commercial leases are complex legal documents that define the relationship between landlords and tenants and outline each party's rights and responsibilities. These agreements are critical for the smooth operation of any commercial property, be it an office building, retail space, or industrial facility. A commercial lease should include clear terms that protect the interests of both parties. At Mallery s.c., our real estate lawyers provide comprehensive legal assistance to commercial landlords and tenants in Milwaukee and the surrounding region, ensuring that they can put lease agreements in place that are fair and legally sound.

Key Terms in a Commercial Lease

A well-drafted commercial lease should include specific terms that will apply to both the landlord and the tenant. A lease will address multiple issues, including:

• Rent and payment terms: The lease should specify the amount of rent, the payment schedule, and penalties for late payments. It should also outline any rent escalation clauses, which will determine how rent will increase over the term of the lease.
• Lease duration and renewal options: Clear terms regarding the start and end dates of a lease are essential. A lease may also include terms detailing how renewals will be handled, including when and how the tenant can renew the lease and any changes to the terms of the lease that will go into effect upon renewal.
• Maintenance and repairs: The lease should define the responsibilities of both parties for general upkeep of the property and any repairs or other issues that may need to be addressed. The landlord and tenant should understand who will be responsible for routine maintenance, repairs of damaged structures or broken equipment, and any improvements or alterations to the property.
• Use of premises: Specific terms should outline the permitted uses of the property, ensuring that the tenant's business activities are compatible with the property while complying with zoning laws.
• Alterations and improvements: A lease should contain clearly defined terms regarding new construction, alterations, or other improvements that may be performed. These terms may detail the conditions under which these changes can be made, who will bear the cost of improvements, and the process for obtaining landlord approval.
• Subleasing and assignment: The lease should specify whether property may be subleased to other tenants, whether a lease may be transferred to a new tenant, and under what conditions these types of agreements may be made. This ensures that both parties understand the rights and limitations regarding transferring lease obligations.
• Termination and default: Clear terms should be included detailing the circumstances under which the lease can be terminated and the consequences of default for both parties.
• Dispute resolution: If landlord/tenant disputes arise, a lease may specify the procedures that will be followed to address and resolve these issues. A dispute resolution clause may state that mediation or arbitration will be used, helping to avoid the time and expense of litigation.

How Our Attorneys Can Help With Commercial Leases

Navigating the intricacies of commercial leases requires a deep understanding of real estate law and the unique needs of commercial property stakeholders. Our attorneys have extensive experience in these matters, and during lease negotiations, we can provide strategic legal counsel that addresses the specific concerns of landlords and tenants. We can assist with:

• Negotiating lease terms: We can help landlords negotiate favorable lease terms that reflect the value of their property and protect their interests, or we can work with tenants to help them secure favorable terms that align with their business needs. We can help negotiate rent rates, lease duration, renewal options, and clauses related to property use, modifications, and subleasing.
• Drafting and reviewing lease agreements: Our attorneys can help create clear, comprehensive lease documents. We can explain the complex legal language of commercial leases to our clients ensuring that landlords and tenants fully understand their rights and responsibilities.
• Ensuring compliance: Commercial leases must comply with local, state, and federal regulations. Our legal team ensures that lease agreements adhere to all relevant laws, including zoning regulations, health and safety codes, and accessibility standards, reducing the risk of legal complications.
• Handling disputes: Disputes between landlords and tenants can impact profitability for both parties. We provide legal representation in resolving lease disputes through negotiation, mediation, or litigation, striving to achieve amicable solutions that uphold our client's rights.

Contact Our Milwaukee, Wisconsin Commercial Lease Lawyers

At Mallery s.c., our attorneys can help landlords and tenants negotiate favorable lease terms and address related legal concerns. Whether you are entering a new lease agreement or need assistance with an existing one, we are here to help. Get in touch with us at 414-271-2424 to learn more about how we can address concerns related to commercial leases and other issues involving real estate law.