It’s no secret that West Palm Beach has a growing business and technology market.  In fact, Forbes Magazine has named this exclusive seaside community as one of its top 50 places for business and careers. According to a recent article, the Palm Beach commercial real estate market has been showing steady increases since last year. Traditional ventures, as well as the emerging startup gig economy, have increased area demands for commercial spaces. However, before starting a business or expanding to a new location in this community, it’s essential to be familiar with the rental agreement process.  Here are the most important factors in your West Palm Beach area commercial lease.

Your commercial real estate lease is a legally-binding contract between you and the property owner. Each word carry’s significant meaning, and if your document is not drafted correctly, it could leave you vulnerable and have devastating consequences. The most prudent action you can take when considering a West Palm Beach commercial lease is to consult a Board-Certified Florida Real Estate Attorney who has local experience and expertise. Your counsel’s familiarity with the local business culture and commercial real estate market will be invaluable. Further, he or she will be able to identify potential issues and ensure your agreement is drafted in a manner which serves your business needs and protects your interests.

As with most legal documents, your commercial lease will be negotiable. Commercial leases are not uniform as they need to reflect the unique needs of the parties. However, if you don’t know what is reasonable to request or which terms benefit the other party, it will not be possible to advocate for yourself. Your Florida board-certified real estate attorney is going to be well-versed in acceptable and area-specific provisions. Additionally, he or she will know the subtle but critical contract language which must be present to support your operational needs.

When drafted and negotiated properly, your commercial lease can support a prosperous business undertaking.  However, without the right advice from the outset, you risk potential issues, including litigation. If you have already entered into a lease which you are finding problematic, your counsel can help you analyze the issues and consider viable solutions. Having the advice of an experienced real estate attorney can help you ensure that you have an agreement which serves your business interests.

At Rabideau Klein, Guy Rabideau, Esq. and David E. Klein, Esq. are dedicated, Palm Beach County Florida Board-Certified Real Estate Attorneys  with the expertise and local knowledge you need to ensure that your business interests are protected when entering into your West Palm Beach commercial lease.  Contact Rabideau Klein today to discuss your real estate legal needs.

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