Office Space Leases, the Law, and Others

A lease is a type of contract between the lessee and the lessor for the use of an asset, usually a piece of land or a building. This is different from a license, which entitles a person to use a certain property, tangible and otherwise.

 

When engaging in a lease, the rights, obligations, and duties and responsibilities of both parties must be explicitly stated in the contract because courts consider commercial leases to be contracts between people of equal bargaining power. They will not, for all intents and purposes, protect either party from a bad bargain. In contrast, courts tend to protect the tenant.

 

When looking for a commercial office space, remember that you also have rights. A commercial contract is always negotiable. Do not simply accept if the landlord says that the terms are not negotiable. If really interested in leasing the building, the lessor would be willing to negotiate the terms of the contract. You can consult with your attorney if there are provisions you do not understand.

 

Sometimes, a real estate broker can be of help. Although most people would rather negotiate without a middle man, it is sometimes impossible to find a good DC office space without at least some help. There are many real estate agents and brokers that can be found online. Make sure, though, to check the background and get feedback from previous clients of the said agent before obtaining services.

 

As with any piece of real estate, it is important that you obtain a suitable location for your business. This, of course, is dependent on your target clients and your type of business. You should also consider renting a DC office space that is equally accessible to your suppliers and your customers.

 

Lastly, when looking for commercial DC office space leases, make sure to check for the validity of the contract when negotiating with the landlord. A real estate contract typically includes rental fees, the term or period in which you will occupy the space, mortgage specifics, payment terms, the type of tenancy involved, and other such details as may be required by law.

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