While an increasing amount of business operations are taking place online, many companies still need headquarters, offices and physical stores. This is where commercial real estate comes in.
Either buying a commercial property or taking on a commercial lease can be beneficial, but there are some potential drawbacks, including disputes. Outlined below are two of the more common types of commercial property disputes.
Disputes over the lease
Commercial leases are contracts intended to protect both the landlord and tenant. They outline rent prices, tenancy length and much more. A lease can also include specific rules, such as whether or not a tenant is allowed to sublet part of the property. It may also include who is responsible for maintenance and repairs. The lease should also emphasize whether or not a renewal is possible and if rent will increase.
When either party feels like their rights in the lease have been violated, this can result in disputes. For instance, a landlord may not have been paid on time. Or, the tenant may have been subject to rent increases that were not included in the agreement.
Disputes over how the property can be used
Business owners may find themselves purchasing or renting the ideal property only to hit a stumbling block at the beginning. Zoning laws may restrict how the property can be used. For example, local residents may be protected from any businesses that make continuously loud noises. This could impact business owners in manufacturing, construction and other fields that may involve noise.
Commercial property disputes can be nuanced. Legal guidance can help you get to grips with the law and protect your rights.
