Why a Lawyer Should Be at Lease Negotiations
Negotiating a new lease is filled with complications. If you are trying to rent office space for your company, you want to get the best deal that you can. Even if you are an experienced negotiator, you should enlist the help of a real estate lawyer before you meet with the landlord. Your negotiating skills in your industry will not necessarily help you get the space you want at the right value.
What New York Real Estate Lawyers Bring to the Table
New York is one of the toughest real estate markets in the world. The landlords in the city are sharp, aggressive, and know how to maximize the amount of money they get from each of their tenants. Unless you have the same insight and experience in real estate as your prospective landlord, then you will probably not get as good a deal as you can.
If you want a long-term lease and face a sophisticated landlord, here are some of the concrete benefits you can expect from a real estate lawyer. They will:
-Sit with you during negotiating sessions and speak for you
-Draft a letter of intent
-Revise or re-write the letter of intent prepared by your landlord
-Ensure that your legal interests are protected
Getting the Best Deal
There are many things to consider with lease negotiations. There will be factors that you may not even think of. Repairs, the costs of renovating the space to meet your needs, liabilities for damage—these are just some of the factors that your lawyer will anticipate and negotiate on your behalf.
The New York real estate lawyers at Romano & Kuan have extensive experience and expertise in the city’s property industry and market. They possess in-depth knowledge of the major real estate holders and considerable insight into how leasing works in the city. If you are preparing to negotiate a lease with a building owner, you should call Romano & Kuan.