Leasing commercial property in Washington, DC is an important component of any business' success. In the lease agreement, there are restrictions, obligations, and rights regarding the use and maintenance of the property. An experienced real estate attorney can help make sure you enter into the right type of lease agreement and that your interests and rights are properly addressed and protected.

Whether you're considering leasing commercial property as a business owner, or you're a property owner preparing to become a landlord to a business, there are a few key things to know. 

Three Things Businesses Should Consider Before Leasing Commercial Property in Washington, DC

1. Suited to Needs. Before renting a space for your business, you need to make sure the space you are renting is suited for your needs. Does it offer adequate parking? Is there enough storage?

2. Who Makes Improvements. It is important to be clear who is responsible when improvements, such as painting, need to be completed. 

3. Insurance Coverage. Even if the lessee carries insurance, you will need to carry your own as well. Finding an insurance agent knowledgeable in this area will help you make sure you and your small business are protected against liability and other lease-related issues. 

Three Things Landlords Should Consider Before Leasing Commercial Property to Small Businesses in Washington, DC

1. Type of Lease Needed. It is best to familiarize yourself with the different types of small commercial leases available and determine which works best for your situation.

2. Rent Needed. It is best to research the rate being charged for rentals similar to yours in your area. 

3. Insurance: No matter the type of lease you have, it should outline your obligations for the insurance coverage on the building. Check with your insurance provider to make sure you cover all your bases. 

There are other matters to consider, including what happens if either party needs to break the lease. 

An experienced real estate attorney can help answer questions about a commercial lease agreement in DC and Northern Virginia and ensure a fair, enforceable and well-negotiated commercial lease works for a landlord and a tenant.