Why should Landlords and Tenants have a lease reviewed and analyzed by a real estate attorney prior to execution?
A lease should be reviewed to ensure it is up-to-date according to the latest applicable case law and statutes, because certain provisions may be entirely inapplicable or negotiable in whole or in part. At the very least, all provisions should be carefully explained by a qualified real estate attorney and understood by the parties involved.
Related Questions
- My property is subject to a lease that expires prior to the closing date. Should I describe the lease in the real estate purchasing agreement?
- When I lease a commercial office space, is it absolutely necessary to hire an attorney to go over the contract?
- Is it the attorney’s role to provide business advice to tenants and landlords when negotiating leases?
