When you enter into a commercial lease agreement, it is important to understand the terms of the agreement including who is responsible for the care of the building i.e. what your landlord is responsible for and what you as the tenant are responsible for. The rights and responsibilities of each party are outlined in the lease agreement, and it is crucial to understand these obligations before signing a lease.

In general, your landlord is responsible for maintaining the common areas of the property, such as the lobby, hallways, and elevators. They are also responsible for repairing any structural issues or damages to the property. This includes addressing any plumbing, electrical, or roofing problems.

Additionally, your landlord is responsible for insuring the property and obtaining any necessary permits and licenses. They must ensure that the property meets all building codes and regulations.

As a tenant, you will be responsible for paying rent as specified in the lease agreement. You will also be responsible for keeping your space clean and in good condition. This includes complying with any cleanliness or maintenance requirements outlined in the lease agreement. 

It is important to note that the specific responsibilities of each party may vary depending on the terms of the lease agreement. It is important to review your lease agreement carefully to understand your rights and obligations as a tenant. 

Things to note about commercial lease agreements:

Unlike a residential lease agreement, a commercial lease agreement often includes more complex terms and conditions that cater to the unique needs of businesses. Commercial leases tend to have longer terms and may include clauses related to property use, subletting, and required insurance. Additionally, commercial tenants typically have less legal protection compared to residential tenants, making it even more critical to understand the specific terms and responsibilities outlined in the lease.

What happens if a dispute arises?

If a dispute arises between the landlord and tenant, it is typically addressed through the mechanisms outlined in the lease agreement. This may include mediation or arbitration to resolve the issue without going to court. If these methods fail, legal action may be necessary to settle the dispute.

When to call the experts

If you need legal assistance regarding your commercial lease, it is advisable to consult a lawyer who specialises in commercial real estate. They can help you understand the terms of your lease, negotiate better terms, and represent you in the event of a dispute. Seeking professional legal advice can ensure that your rights are protected and that you are fully aware of your obligations under the lease agreement.

Should you have any questions or require further clarification on your responsibilities as a landlord, it is advisable to seek the advice of a commercial lease lawyer. They can provide expert advice and assist you in navigating the complexities of commercial lease agreements. 

Whether you are seeking a property lawyer in Chatswood to guide you through the purchasing process, or advice from a commercial lease lawyer in Chatswood for a lease agreement related matter, please consider TY Lawyers for all your legal advisory services. Our professional Lawyers in Chatswood look forward to assisting you. Please visit our website here and get in touch.