For many businesses in Coral Springs and other parts of South Florida, it is more economical to lease a building or other commercial premises rather than buying property outright. However, to some extent, there are higher stakes involved in a commercial lease. Usually, commercial property costs more to rent than would a typical house or apartment.
Moreover, commercial leases usually involvement a longer-term commitment. Perhaps most importantly, commercial leases are, relatively speaking, complicated documents that vary widely depending on individual circumstances.
There are several issues that may come up over the life of a commercial lease, and any one of these issues can lead to business litigation. For instance, many leases have special rules about rent, such as provisions that allow both landlords to increase the rent and tenants to repair the property and then take a rent deduction. These special rules can sometimes lead to disputes between the landlord and tenant, especially if the lease does not have any ground rules about how to resolve conflict.
Furthermore, many leases have detailed rules about what parts of a property will be used for which purposes. Sometimes, this can cause legal problems, such as when a tenant would like to expand or change their operations, but a landlord is less than enthusiastic about it.
Finally, any time either a landlord or a tenant wants to call it quits on their relationship, matters can get quite contentious. A landlord, for instance, may try to withhold a security deposit unfairly or may accuse a commercial tenant of causing damage. On the other hand, a business may leave the property in bad shape or may refuse to pay rent once the tenant knows that it has to leave anyway.
Unfortunately, not every relationship between a commercial landlord and commercial tenant ends happily. Should there be a threat of litigation, a Florida business may want to seek out the help of an experienced attorney.