ContractsCounsel has assisted 275 clients with commercial lease agreements and maintains a network of 165 real estate lawyers available daily. These lawyers collectively have 50 reviews to help you choose the best lawyer for your needs.
Based on ContractsCounsel’s marketplace data, the average cost of a project involving a commercial lease agreement is $730 [1].
Based on 87 recent projects completed by lawyers on ContractsCounsel.
Last updated: 26 June, 2024
Create Commercial Lease Agreement Review Commercial Lease AgreementA commercial lease agreement is a legally binding contract between a landlord and a business owner. The commercial lease agreement lays out the terms and conditions under which the business owner can rent a space in the landlord’s building to conduct business.
Renting a space rather than buying it is often advantageous to a business because they don’t need the capital required to purchase the property. In addition, renting a space in a building saves money. Depending on the type of lease, the business owner may not have to pay additional fees like maintenance and property taxes.
Commercial lease agreements differ from standard residential leases. For this reason, many landlords choose to hire an attorney to draft the document. A commercial lease needs to include essential information like:
An experienced lawyer familiar with commercial lease agreements will know what needs to be included in the agreement to make it legally enforceable should any type of dispute arise.
Commercial lease agreements are typically more complicated than residential agreements and require additional lease terms. Although the terms will vary based on the landlord and the business, the following list includes common provisions in commercial lease agreements.
Commercial lease agreements are highly customizable, so landlords and business owners can include any additional terms they think are necessary. It is important to ensure there are no vague or illegal terms in the agreement because they will not be enforceable.
Meet some lawyers on our platformAs mentioned above, there are several types of commercial lease agreements. The various agreements vary based on who is responsible for paying additional expenses like taxes, maintenance, and utilities.
The six most common commercial lease agreements include:
A commercial lease agreement must clearly state which type of lease is being used, what expenses are the landlord’s responsibility, and what the tenant must cover.
Many landlords hire a real estate lawyer to draft their commercial lease agreement. Landlords must be protected by their lease. Hence, it needs to include all necessary provisions and terms legally binding and enforceable.
A real estate lawyer will typically charge a client for an initial consultation and then for the time it takes to draft the commercial lease. Some lawyers will include revisions or additional meetings in the cost; however, some may charge additional fees for extra legal work.
Having a lawyer review a lease agreement can be invaluable for a tenant. Lease agreements are generally drafted by the landlord and tend to favor the landlord's interests more. Before signing a commercial lease agreement, the tenant should have their attorney go over the document to ensure it is fair and protects the tenant's interests.
Hiring an attorney to draft a commercial lease agreement will cost the landlord. Still, it is usually well worth the expense. A lawyer will draft a professional, legally binding agreement that the landlord can use over and over.
ContractsCounsel’s marketplace data shows the average commercial lease agreement drafting costs $710 across all states and industries.
Review services by an attorney will also come with fees. For example, suppose the tenant hires a lawyer to review the contract before signing. In that case, they will be fully responsible for paying the lawyer.
ContractsCounsel’s marketplace data shows the average commercial lease agreement review costs to be $730 across all states and industries.
Real estate attorneys can charge for their services in several ways. Hourly rates and flat fee rates are the two most common fee structures.
When using an hourly rate fee structure, the lawyer will bill the client for the number of hours spent working on a project at a set hourly rate. The lawyer must inform the client of the hourly rate. The parties should execute a written retainer agreement outlining all billing and payment terms and conditions.
Hourly rate agreements protect lawyers because they will be compensated for all time spent working on a case or project, even if it takes longer than expected.
ContractsCounsel’s marketplace data shows the average hourly rate for a real estate lawyer ranges from $225 - $300 per hour.
When a lawyer is hired for a specific project and has a precise end date, they may use a flat fee rate structure. The lawyer will provide the client with a comprehensive fee that includes all work for the project.
If the client agrees to the price, they will pay upfront and typically not worry about additional costs. However, it is wise to execute a fee agreement like an hourly rate schedule so the client knows what legal services the flat rate fee includes.
ContractsCounsel’s marketplace data shows the average flat fee rate for a commercial lease agreement is $730.
Do you need help with a commercial lease agreement project? If so, post a project in ContractsCounsel’s marketplace to receive flat fee bids from business lawyers to handle your project. All lawyers on the ContractsCounsel’s platform are vetted by our team to make sure you are provided with top tier service.
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Equity Investments, Agreements & Transactions | Securities & Lending | Corporate Governance | Complex Commercial Contracts | Outside General Counsel & Compliance
Business-minded, analytical and detail-oriented attorney with broad experience in real estate and corporate law, with an emphasis on retail leasing, sales and acquisitions and real estate finance. Extensive experience in drafting complex commercial contracts, including purchase and sale contracts for businesses in a wide variety of industries. Also experienced in corporate formation and governance, mergers and acquisitions, employment and franchise law. Admitted to practice in Colorado since 2001, Bar No. 33427.
My name is Elexius. I’ve been practicing since 2016. I began my career doing defense work for insurance companies. I handled worker’s compensation cases, insurance subrogation claims and a number of related employment issues including wage and hour disputes, resignation, termination and release of claims. I also handled employee contract matters and revised contracts as needed for my clients. In my current role I draft contracts and related agreements, including cease and desist, letters of understanding, and various notices. I also handle contractual interference issues.
I am a corporate Attorney licensed in the state of Georgia and Ghana. My professional career started in 2016 as a litigator in a private law firm in Ghana. Subsequently in 2018, I moved in house to work for the University of Ghana and this is where my corporate transactional work experience began. Since coming to the US in 2019, I have gained significant transactional experience through internships at Verizon and Tricentis (a software testing company) during law school at UGA. Since graduating from UGA law school, I have worked as a corporate transactional attorney of an AmLaw 200 firm. In that role, I helped foreign companies entering the US market to establish a presence and comply with applicable corporate laws while doing business. I also assisted customers and service providers in the software and technology industry by reviewing SaaS and similar contracts. Also, I helped energy utilities in the renewable energy space navigate regulatory and policy issues and establish contractual business relationships through contract reviews.
I attended the University of Illinois- College of Law on a full merit scholarship. While in law school, I was a 711 Attorney at the Lake County State's Attorney's Office, specializing in traffic and misdemeanor cases. After graduation, I served as in-house counsel for one of the largest insurance companies in the world, managing thousands of cases from initial intake to trial. Upon leaving this position, I accepted a role as Legal Counsel to the Illinois Senate Minority Leader. There, I advised Senators on legislative matters, labor and employment law, and complex constitutional questions. After leaving public service, I accepted a role at a mid-size Chicago-based law firm, where I practice insurance defense and litigation. In addition to this, I also serve as outside general counsel to a food brokerage business, where I handle all of their labor and employment matters.
Helping small business owners meet their legal needs.
Mr. McElvenny has extensive experience handling and developing strategy for complex commercial and real estate cases. He’s drafted hundreds of complaints ranging from simple breaches of contract to complex commercial claims including breach of fiduciary duty, constructive trusts and misappropriation of trade secrets. He has an excellent record in trial, arbitration and mediation. He also has significant experience in motion practice in both state and federal court. Through his work in corporate law, Mr. McElvenny has developed considerable experience with Limited Liability Company member disputes and general corporate governance. He’s drafted a number of industry-specific documents such as Operating Agreements (for Limited Liability Companies), commercial leases, settlement agreements and employment contracts. Mr. McElvenny has also represented criminal defendants in felony matters and assisted in the defense of civil matters arising from alleged SEC violations. He has represented individuals appearing before the Illinois Department of Professional Regulation as a result of SEC proceedings. After graduating with a B.A. in Philosophy, Mr. McElvenny proceeded from Loyola University-Chicago to DePaul University College of Law, receiving his JD from that institution in 2002. In 2010, he earned his Master’s of Science in Accounting from Loyola University-Chicago’s Graduate School of Business. Mr. McElvenny was selected to Illinois’ Super Lawyers Rising Stars in 2010, 2012 and 2013.
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Contracts Counsel was incredibly helpful and easy to use. I submitted a project for a lawyer's help within a day I had received over 6 proposals from qualified lawyers. I submitted a bid that works best for my business and we went forward with the project.
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I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.
