Commercial Leases | Kelowna Law Firm

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clients’ business interests

If you are a landlord or tenant entering into a lease for commercial property, it is crucial to have advisors who understand the intricacies of commercial leasing.

A commercial lease is an important, and often complicated, document that our team can assist with. Our team has experience drafting, negotiating, and reviewing a broad range of commercial leases for both landlords and tenants, including leases of land and orchards, retail, office, and industrial premises. We understand how the various components of a lease must work together to ensure security and flexibility that meet the unique needs of each client.

Our expertise also includes other lease documentation and related transactions including subleases, assignments, consents, amendments, registration, and estoppel certificates.

From routine matters to complex major leases, our commercial leasing team is ready to help.

Leasehold improvements (or tenant improvements)

Renovations to a leased commercial real estate space to make it suitable for your business. Unless otherwise specified in the lease, any improvement that is attached to the building usually becomes the property of the landlord—meaning you can’t take it with you when you move out. Get advice from a commercial real estate lawyer at FH&P Lawyers when negotiating a lease to seek exclusions for assets that you want to take with you when you leave.

Elements of a commercial lease agreement

A commercial lease agreement is a contract, so it must include certain elements and key information for it to be valid and enforceable. At a minimum, information regarding the rent, security deposit, lease duration and any additional costs the tenant may be subject to should be clearly defined within the lease. Small business owners should be aware of the difference between exclusive and permitted use.