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Commercial Leasing & Property Management

There are numerous laws and regulations over the management and leasing of property. Whether you manage an apartment complex, condominiums, an HOA, office buildings, or other commercial property, you need to be well aware of your legal obligations, responsibilities, and liability.

Hart David Carson provides skilled legal counseling to property managers and landlords to ensure their assets and rights are protected. Without a solid foundation in commercial leasing and property management law, it is very easy to fall into any of a number of pitfalls, resulting in complex legal situations and disputes that can threaten your assets and your own standing.

Commercial Leases

There are fewer legal restrictions on commercial leases than on residential, but they still need to adhere to certain standards. In order to be enforceable by law, a commercial lease must include various key items, including:

  • Names of tenant and landlord, with care to name business entities, not individuals
  • Rent, including escalations and fluctuations
  • What is covered in the rent
  • Additional expenses, such as utilities and modifications, and how they will be calculated
  • Length of the lease, or lease term
  • Security deposit amount and conditions
  • Information on the space being rented
  • Provisions for improvements or modifications to the property
  • Termination of lease policies
  • Whether a lease may be extended or renewed
  • Alternative dispute resolution requirements and provisions

Commercial lease documents must be carefully drafted so as to be enforceable. In addition, they must be accurate and precise, which limits the odds that a lawsuit will arise against you based on issues within the lease agreement.

The lease is often dependent on negotiations between the landlord and the lessee, which means that 1) there are no standard contracts, and 2) the need for skilled legal negotiation and analysis is high. You need to draft a lease that will meet necessary standards and be enforceable by a judge. This is where our attorneys come in.

Property Management Laws

Property managers have a fiduciary duty to the community they manage. This means they must always act in the best interests of the community as a whole. Certain enterprises or conflicts of interest may lead to disputes and litigation, with a possible loss of assets or even licensing. Knowing and fulfilling your responsibilities to tenants, associations, and the law is key to protecting yourself in the event of a lawsuit.

In addition, there are certain limits on what a property manager may do. For example, preparing legal documents may constitute an unauthorized practice of law and lead to litigation. Avoiding the pitfalls inherent in managing property, whether that is a commercial space, condominium, or apartment building, requires the assistance of a lawyer who knows the ins and outs of real estate management.

Legal Assistance

Property managers and lessors must ensure that their leasing and management practices are well within the limits of federal and state regulations. Hart David Carson provides the real estate, management, and legal expertise needed to ensure you are in full compliance with respect to your duties, practices, policies, and documents. We can also represent you during lease negotiations and disputes. To learn more about how we can help you, contact Hart David Carson today.

Client Reviews
We have been working closely with HDC for about 4 years now, we trust them for our own legal work and for all of our clients. They have proven themselves to be dependable and hardworking. They have yet to let us down in any capacity. We are looking forward to growing this relationship for us and our clients. Azmi S. (Elmhurst, IL)
I have known the people and Hart David Carson for quite some time now and I can say, with a particularly high degree of confidence, that they are some of the most professional, courteous, and competent lawyers I have ever had the privilege to know. They are attentive, knowledgeable, and really take the time to provide a very personal experience. I would highly recommend anyone to avail themselves of their truly amazing legal services!! Brian N. (Chicago, IL)
These attorneys are the best! They are professional and driven individuals that are passionate about what they do. They listened and worked with me from beginning to end. I strongly encourage using them! You will not be disappointed! Shannon D. (Arlington Heights, IL)