An Oregon commercial lease is a fixed contract between the property owner and the tenant clearly stating their agreement in leasing a property. Therefore, all the terms and conditions decided between the two parties concerning the property, such as rental cost, maintenance charges, commercial tax, etc., are present within the contract.
Before signing the Oregon commercial lease, there are many factors that you must consider apart from selecting the perfect location. For example, you must sign a commercial lease to use the property for business purposes.
Things to Remember Before Signing the Oregon Commercial Lease
From a legal point of view, here are the things to be done before signing the contract-
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Do a Survey Check
Once you finalize the property, it is important to conduct a survey check. For example, you must know about the water supply, if there are frequent electricity outbursts, the structure of the property, etc. In case the structure of the property is weak, you would also need to invest money in repairing the property. Conducting a survey check helps you understand the finances and determine whether or not the property is worth the rental amount.
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Verify All the Documents
There are many fraudsters in the market. Therefore, it is important to get all the documents verified, such as the property ownership papers, the legality of the property, the total square area stated in the government records, etc. Getting the documents verified helps you be safe and make an informed decision.
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Discuss the Terms and Conditions with the Opposing Party
While drafting the contract, you must thoughtfully discuss all the terms and conditions. Generally, both parties have a meeting and put their points forward. In case of a contradiction, they discuss and negotiate the terms. Once finalized, the terms are drafted within the contract and reviewed. In case of discrepancies, you can repeat the same process. Some common terms and conditions discussed are duration, rental cost, the due date of payment, maintenance cost, taxes, insurance, etc.
The first thing you must do before signing the Oregon commercial lease is consult a lawyer. A lawyer is experienced with the right skills and knowledge to help you with any legal proceedings. They play a major role in drafting the contract and saving you from legal complications.
Key Terms
- Contract Duration - Contracts are only valid for a limited period. It is known as the contract duration. In the case of a commercial lease, it is generally between three to five years.
- Rental Cost - The amount payable by the tenant to the property owner for using the property.
- Maintenance Charges - Society generally demands a certain amount for using their services, such as society lights, lifts, etc.
Conclusion
Signing a commercial lease contract is compulsory for tenants in Oregon to conduct any form of business in the rental property. Since a contract is a legal proceeding, errors made within the contract may cause serious problems. Thus, it is advisable to hire a lawyer to help you draft the Oregon commercial lease. To get the best lawyers, check out the services offered by Contracts Counsel.
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Meet some of our Oregon Commercial Lease Lawyers
Jeff C.
Experienced and broad based corporate/business attorney and Outside General Counsel (OGC), for start-ups, small businesses and growing companies of all sizes, advising and assisting clients with corporate and LLC formation, contracts and agreements, internet and terms of use/service agreements, trademarks and intellectual property protection, the purchase and sale of businesses (M&A), labor and employment matters, compliance and risk management, corporate governance, and commercial leasing matters. See other reviews on my website at www.ogcservices.net/reviews
Jason P.
Jason is a self-starting, go-getting lawyer who takes a pragmatic approach to helping his clients. He co-founded Fortify Law because he was not satisfied with the traditional approach to providing legal services. He firmly believes that legal costs should be predictable, transparent and value-driven. Jason’s entrepreneurial mindset enables him to better understand his clients’ needs. His first taste of entrepreneurship came from an early age when he helped manage his family’s small free range cattle farm. Every morning, before school, he would deliver hay to a herd of 50 hungry cows. In addition, he was responsible for sweeping "the shop" at his parent's 40-employee HVAC business. Before becoming a lawyer, he clerked at the Lewis & Clark Small Business Legal Clinic where he handled a diverse range of legal issues including establishing new businesses, registering trademarks, and drafting contracts. He also spent time working with the in-house team at adidas® where, among other things, he reviewed and negotiated complex agreements and created training materials for employees. He also previously worked with Meriwether Group, a Portland-based business consulting firm focused on accelerating the growth of disruptive consumer brands and facilitating founder exits. These experiences have enabled Jason to not only understand the unique legal hurdles that can threaten a business, but also help position them for growth. Jason's practice focuses on Business and Intellectual Property Law, including: -Reviewing and negotiating contracts -Resolving internal corporate disputes -Creating employment and HR policies -Registering and protecting intellectual property -Forming new businesses and subsidiaries -Facilitating Business mergers, acquisitions, and exit strategies -Conducting international business transactions In his free time, Jason is an adventure junkie and gear-head. He especially enjoys backpacking, kayaking, and snowboarding. He is also a technology enthusiast, craft beer connoisseur, and avid soccer player.
James M.
Reproductive law attorney focused on reviewing surrogacy contracts and sperm/egg/embryo donation contracts.
Curt B.
Curt Brown has experience advising clients on a variety of franchising, business litigation, transactional, and securities law matters. Mr. Brown's accolades include: - Super Lawyers Rising Star - California Lawyer of the Year by The Daily Journal - Pro Bono Attorney of the Year the USC Public Interest Law Fund Curt started his legal career in the Los Angeles office of the prestigious firm of Irell & Manella LLP, where his practice focused on a wide variety of complex civil litigation matters, including securities litigation, antitrust, trademark, bankruptcy, and class action defense. Mr. Brown also has experience advising mergers and acquisitions and international companies concerning cyber liability and class action defense. He is admitted in California, Florida, D.C., Washington, Illinois, Colorado, and Michigan.
James C.
After receiving my undergraduate degree in economics from Stanford, and my law degree from UCLA, I practiced in California for eight years before moving to Oregon in 1991. I am primarily a trial lawyer with over 50 jury trials, emphasizing personal injury, professional malpractice, construction, and employment law, but in the course of that practice have reviewed and drafted hundreds of releases, indemnification agreements, employment agreements, and construction agreements.
Jessica M.
Jessica Molligan is an attorney with twenty years of experience in family law, bankruptcy, and litigation.
June 28, 2023
Shanon G.
Have experience in contract, family law, municipality work, criminal defense, litigation, some wills and estates as well. Been practicing law for over 22 years.
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Browse Lawyers NowSmall Business
Commercial Lease
North Carolina
What's the repair responsibility in a commercial lease?
I am a small business owner in the process of signing a commercial lease for a retail space. I am trying to understand my responsibilities as the tenant regarding repairs and maintenance of the property. I want to make sure I understand what my repair responsibility is in the lease before signing it.
N'kia N.
In a North Carolina commercial lease agreement, it is common for the landlord to be responsible for major maintenance and repairs (including structural issues) and the tenant to be responsible for minor maintenance and repairs (including general wear and tear). However, the landlord and the tenant may agree to alternative arrangements in the written lease. The best way to more fully understand your specific maintenance and repair responsibilities under a specific lease agreement is to have an attorney review the agreement and discuss it with you. Good luck!
Real Estate
Commercial Lease
Ohio
How is the lease renewed at the end of the lease term?
I am a small business owner who recently signed a three-year commercial lease for my business. I am looking to understand the process of renewing the lease at the end of the three-year term. I am interested in learning more about the process, the timeline, and what I need to do to ensure that I can continue to operate my business at this location.
Paul S.
If your lease has a renewal option, then you renew by following that process, which involves giving notice during the specified time frame. If you did not include a renewal option in your lease, then you'll need to contact the landlord 6-12 months before the end of the term, and inform the landlord that you want to renew the lease. Then you'll have to negotiate the terms with the landlord.
Real Estate
Commercial Lease
Florida
What's permitted alterations in a commercial lease?
I am a small business owner looking to rent a commercial space for the first time. I am considering signing a commercial lease and want to know what kind of alterations are allowed in the agreement. I would like to avoid any potential legal issues or disputes in the future by clarifying what is permitted before signing the lease.
Moss S.
Usually permitted alterations are cosmetic, and non-structural in nature. Often times the Landlord will require the Tenant to submit plans, or in the alternative the lease will describe the fit and finish that would be allowed.
Commercial Real Estate
Commercial Lease
Maryland
What are the notice requirements for terminating the lease?
I am a business owner who recently signed a commercial lease for a property. I am looking to terminate the lease but am unsure of the notice requirements I must adhere to in order to do so. I would like to know what the notice requirements are for terminating the lease so that I can ensure I do not breach the terms of the lease.
Michael C.
The notice requirements for terminating a commercial lease in Maryland are going to vary depending on the specific terms of your lease agreement. Please read and refer to your lease. If your lease is month to month, then it's likely you'll have to provide at least 30 days notice. If your lease is for a longer term (6 to 12 months), it's likely you'll have to provide at least 90 days notice, and may need to pay damages for breach of the lease agreement.
Real Estate
Commercial Lease
Texas
What is a triple net lease?
I want to understand these better.
George O.
A triple net lease designates the tenant (lessee) as having the sole responsibility for any and all costs associated to the asset being leased in the agreement, with those costs being the net real estate taxes on the leased asset, net building insurance, and net common area maintenance. The lease received its name from the three “net” fees and may also be called a Net-Net-Net Lease.
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ContractsCounsel User
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Location: North Carolina
Turnaround: Less than a week
Service: Contract Review
Doc Type: Commercial Lease
Page Count: 55
Number of Bids: 3
Bid Range: $600 - $2,500
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Location: California
Turnaround: Less than a week
Service: Contract Review
Doc Type: Commercial Lease
Page Count: 3
Number of Bids: 4
Bid Range: $495 - $5,000
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