Wisconsin Business Law and Litigation
A blog dedicated to Wisconsin business law and business litigation matters, authored by Chris Moander of the Moander Law Firm.

The recent economic downturn is the catalyst for a lot of people to leave their current employers - no raises, potential termination, and general unease result in folks wanting to go independent.  Aside from determining what one will do for fun and profit, locating space to work is a close second in terms of concerns.  Thus enter the commercial lease. 

Commerical leases are, in my mind, one of the harshed legal instruments out there.  Many contain provisions to the effect that tenants are responsible for maintaining the leased property no matter what the reason may be for damage. Responsibility ranges from minor repairs to flat-out complete rebuilding if the building is flattened.  Further, the mandatory insurance responsibilities of the tenant can be very large because they get to do the rebuilds and so on. 

Wisconsin views commercial leases as contracts and thus generally free of residential lease regulations.  Tenants are assumed to be sophisticated and capable of negotiating deals with landlords.  If you are about to sign a lease, consider the ramifications of binding yourself to a building that you don’t own. 

Chris Moander is an Attorney handling business law matters, business litigation, and collections matters throughout Wisconsin.

This entry was posted on Tuesday, September 23rd, 2008 at 1:22 pm and is filed under Business Formation, Business Litigation, Business Strategy, Moander Law Firm, Real estate, Real estate litigation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.