Legal Question in Business Law in California
Write up a lease agreement
I have a small area in my warehouse that I want to lease to another company next door.
How should I write up the lease.
3 Answers from Attorneys
Re: Write up a lease agreement
Your lease agreement just as to adequately describe the area in whcih the sub-lessor is leasing. Make sure that your lease has no restrictions against subleasing. Please contact me if you need any further assistance.
Re: Write up a lease agreement
Your note doesn't disclose whether you own or, yourself, lease the building. If you are leasing it, a sublease would likely require approval of the building owner. If you own (or if you obtain the owner's permission in the event you lease), what you want to have is a sublease. Things to consider are uses you'll permit, partitioning for security, ability to shorten the sublease term if your business needs grow and you need the leased space, insurance of the sublessee (say, for example, the sublessee's activity starts a fire which damages not only the part of the building occupied but whatever you use the building for - the structure (requiring a relocation of your activity, etc.), your inventory, etc.
Commercial and industrial lease and sublease forms are readily available, however, there are a lot of considerations requiring individual drafting tailored to your space and economic needs. I'd be happy to work with you if you'd wish.
Re: Write up a lease agreement
Very carefully and in great detail. You must cover all the representations, warrantees, terms, conditions, occupancy, use, payment, default, termination, damages, insurance, modifications, risks, etc. Feel free to make it up as you go if you are experienced enough in contract drafting to do so. Or, contact an attorney who is. Your goal is to avoid litigation later over disputes and breaches. Feel free to contact me if interested in getting legal help doing so.
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