Real Estate LawyerA Real Estate Lawyer is essential in ensuring your rights are protected when negotiating a Toronto Commercial Real Estate Office Lease. The wrong lawyer can be a big mistake. Many lawyers have very limited experience in drafting leases and I have seen leases that have been vetted legally that did not do justice to tenant's interests. Watch out for small town attorneys with little or no commercial experience. Those who have commercial experience with leases are very different than residential attorneys and can save your business from loss, headache and litigation. Some other things to consider when hiring legal talent. How long will it take a him to analyse your lease and negotiate changes with the landlord? I have seen tenants lose valuable time after an offer has been signed because they have more work than can be handled in an expeditious fashion. Will he or she handle your file personally or will it be handled by a junior in the firm? Will he or she be accessible via phone or email. I have seen lawyers ignore calls and emails for many days. Remember that although most tenants with a good real estate consultant do not need a lawyer to draw up an offer to lease - that clauses should be inserted into the offer to lease or letter of intent that allow a lawyer to approve the language used in the offer especially if you do not have an experienced real estate consultant. I guarantee from all the tenants who consult me too late about business losses or other problems resulting from a lease that proper utilization of a real estate lawyer is essential to the financial well being of your business Landlords and their agents are experts in negating legal input after an offer or letter of intent is accepted by both parties and will tell you that you don't need legal help at this time. You may not but you do need language that allows your attorney to do his or her work.
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