Wednesday, November 19, 2008

Offer to Lease & Commercial Lease

I previously blogged about the importance of seeking legal advice before signing any offer to lease.... well, recently I got a call from a new client asking me if I could review his offer to lease. As usual, my first question was: Did you already sign the offer... the client said yes, the broker was pressuring me and I wanted to make sure that I got this deal!!! Unfortunaly, after reviewing the offer, a lot of important points were not covered and therefore; it is now too late for the client to ask for it. Once the offer to lease is signed, it is a binding contract. Please make sure that you are seeking legal advice BEFORE signing any agreements, I can assure you that may save a LOT of money in the long run. Again, I am dealing with a lot of brokers and the vast majority of them recommend to their clients to seek legal advice before signing any type of offer... but it appears that others do not recommend such advice. However, at the end of the client it is your responsability as a business person to ensure that you are protected.

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