Consumption and Real Estate
Need help on a relocation clause in a commercial lease.?
Question : Need help on a relocation clause in a commercial lease.?
Opening a new retail store and was hit with a relocation clause in the lease. Would like to add some language to protect myself in case I do get moved (i.e. loss of business, what the landlord is responsible for, etc). Can anyone help?
commercial relocation
Best answer:
Answer by Expert Realtor
You nor the landlord can alter the contract directly.
That is practicing law without a license.
Real Estate Agents use leases that are approved by the Bar Association of their state.
You don’t need an attorney to draft a whole contract, just an addendum to the lease.
If you do it anyway, and the transaction ends up in court, the judge will throw any addendum out.
It is a good idea to contact an attorney to protect your interests on this. Otherwise you are relying on their attorneys and their leasing broker to insert the necessary language, assuming they agree to it. But you could always ask them. Bring it up in your negotiation, state the terms that you would like to see, and see if they will agree to it.