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Commercial Property Management - Tips for Reading Commercial Property Leases

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When you manage or own commercial investment property , the reading and interpretation of leases becomes common practice as you seek to protect the rental and the function of the asset for the landlord. A solicitor prepared lease will be the best way to go when it comes to getting a lease that protects the intentions of the parties. Generic property leases are usually not sufficient in property detail or terms and conditions to comprehensively pick up the specific factors of property design and performance. 'You get what you pay for', is the phrase that comes to mind in comparing generic 'off the shelf' leases versus ones that are specifically drawn up with the landlord and property in mind. Only 'commercial property experienced' solicitors should be sourced and trusted for the task of lease preparation. A solicitor prepared lease provides a more specific and attractive package to buyers of the property. Buyers of the property in considering a poten