Question about lease setup

Are there any firms that will assist in setting up a lease? This is the first time I will be leasing the property, and don't want to make any mistakes. Such as credit checks, tax checks, years in business etc.
In Leasing Property - Asked by Tom J. - Mar 28, 2014
Report Abuse
Answer this Question


Patricia L.
South Dennis, MA

You need to hire a good real estate attorney. What state are you from? I know an excellent real estate attorney in New York who I found after hours of research on His name is Larry Haber.

Mar 28, 2014
Report Abuse
Donna H.
Indianapolis, IN

You might consider hiring a broker to work on the leasing for you. Some of the items you are requesting, we assist our landlords with -- tenant credit application, the information that most Landlords review, etc.

Mar 29, 2014
Report Abuse
Michael C.
San Leandro, CA

How big is the property? 3,000 sq ft or 30,000 sq ft? What will it be used for? Retail, Office, Auto Repair? Who is paying for what - besides rent, like utilities, common area maintenance?
Does the tenant require specialized licensing? by the city, county, state or Fed. What about insurance. How long is the lease? 1 year, 5 years, 10 years.
It may be a good idea for you to hire professionals like attorney, commercial broker, CPA's. Property Management Company. At least for the first time.
There are "commercial tenant screening companies"...

Mar 29, 2014
Report Abuse
Tim N.
Leominster, MA

It looks like you're in New Jersey Tom. I'd say your best bet is to either look around your area for a commercial RE agent and call them to discuss your situation. Based on the complexity of the deal they will either be able to handle it in-house or refer you to a qualified attorney. Smaller deals of only a few thousand square feet could be relatively simple but something in the tens of thousands of square feet or more may require an attorney. I hope this helps.

Mar 30, 2014
Report Abuse
John C.
Sparta, NJ

A Commercial Broker along with an attorney ( usually they have someone that they could recccomend) can make a great team. The Broker will be able to handle credit checks, employment verification, corporate search and history and just about everthing you need. The Broker will also be able to market the property and show it for you. He will not be able to write the lease in NJ. Do you have your own lease in place?

Mar 31, 2014
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question