Your Guide to Hiring a South Auckland Property Leasing Lawyer
The world of commercial property leasing is more complex than residential letting. In south Auckland, there are many types of commercial property such as warehouses, light industrial retail, medical, offices, and more. Whether you are a building owner, a property manager, a potential or existing tenant, you will need legal advice and support at some stage. Here we look at how a South Auckland property leasing lawyer can help clients on either side of the leasing process.
Understanding the Role of a South Auckland Property Leasing Lawyer
Knowing the role that a south Auckland property leasing lawyer can play is important to anyone involved in commercial real estate. A tenant, either current or prospective, a property owner, or a manager, can benefit from understanding the help they could get.
The help and advice might cover current rental trends, potential pitfalls for either side, explaining the implications and obligations, how to manage the process, what to look for from the other side, and more.
Key Tasks of Commercial Real Estate Lawyers
Some of the key tasks include:
Lease Agreements – drafting new leases for a landlord or property manager. This will include the obvious issues like rent, the length of term, rights of renewal, maintenance and repair obligations, and more.
For existing leases, the lawyer can review the terms to assess if they are current or if there is an opportunity for either party to renegotiate.
Negotiating Lease Terms – it is common for property lawyers to negotiate terms of a lease. They can do this for whichever side their client is on, the tenant or the landlord. A lawyer is trained in negotiation so will be more comfortable than non-experts. They also know current market trends and can use that to their clients’ advantage.
Providing Legal Advice – for landlords and tenants to help them understand their rights and obligations.
Resolving Disputes – disputes are common in rental situations, especially commercial ones. These can range from rent arrears, failure to maintain a property, damage liability, eviction issues, disagreements over security deposits, and many more. A lawyer will help to reach a resolution in any dispute by negotiation, mediation, or through binding arbitration.
Guidance on Compliance – with frequently changing property regulations, it’s essential to stay compliant with local and national laws. An experienced property lawyer in south Auckland will stay up-to-date with any changes. They can give advice on compliance issues, so the lessor and the lessee do not breach any regulations.
Assistance with Lease Termination – sometimes a lease has to be terminated. This might be within the terms of the lease, it may be by agreement, or sometimes, with disagreement and acrimony.
In any event, there will be work required from the lawyer. The issue is how much?
If it is a disputed termination, the lawyer will have to prepare notices and issue them to the correct receiving address. This alone is a crucial task, and if it’s not carried out correctly, can delay the process. The lawyer can also appear in court for their client to present their case, whichever side they are representing.
Conclusion
In a complex commercial real estate landscape like Manukau, the support of a knowledgeable south Auckland property leasing lawyer is indispensable. Whether negotiating a complex commercial lease as a landlord, property manager, or prospective tenant, a skilled lawyer can help.
They can shed light on the meaning of the terms of the lease, help in the actual negotiations, and help to resolve any disputes that arise. Whether you are a landlord and tenant, contact McVeagh Fleming in central Manukau city.
They have lawyers who can provide all the support you need in any commercial real estate lease issue.