Hidden Costs
Leasing agreements that contain hidden costs and additional fees are among the most common forms of harassment that business owners are likely to encounter. Novice business owners and first-time tenants can easily find themselves the victim of a predatory landlord or bad-faith leasing contract. Double-checking all terms and conditions before signing a lease is always a wise precaution.
Maintenance, Repair or Upkeep
A commercial landlord who neglects property maintenance and upkeep can also become a serious liability. A run-down location can tarnish your business’s brand or image while more serious maintenance issues may even begin to interfere with day to day operations. Dealing with a landlord who is unable or unwilling to fulfill their maintenance obligations is trouble you would do well to avoid.
Breach of Contract
A landlord who fails to maintain any aspect of a leasing contract, even if it is a relatively minor clause, is a concern you would do well to address. When you are dealing with a commercial landlord it’s important to consult with a real estate law firm before signing any documents. You don’t to be stuck in an unfavorable situation that puts your business in jeopardy. If so, see a specialist regarding the situation and the options available to you is often a wise precaution. Failing to address a minor breach of contract could send the wrong single or encourage your landlord to step up to take further advantage of the situation.
Extending an Existing Lease
Having to relocate to a new property can be very disruptive to a business. In addition to interfering with your everyday operations, having to move can also strain customer relations, complicate your marketing strategy or lead to other problems you would just as soon avoid. Landlords who are needlessly combative regarding a lease extension could limit your options or end up forcing your hand.
Signing a lease with the right property owner can be of immense benefit to your business. Predatory landlords, property-owners who are seeking to take advantage of your business and those who may become antagonistic or combative towards your business can create all sorts of trouble. Recognizing the problem and knowing how to deal with a landlord who is harassing your business can allow you to manage the situation more easily and effectively.
Kara Masterson is a freelance writer from West Jordan, Utah. She graduated from the University of Utah and enjoys writing and spending time with her dog, Max.
