Minneapolis Business Attorney

Lease Disputes

Commercial litigation, including lease disputes, is a tricky area of law. Land and property value estimates fluctuate over the course of time due to the nature of the real estate market. Potential conflicts in leases include rent calculations and review, subletting restrictions, improvements or changes to the property, relocation rights, adequacy of maintenance, and responsibility for repairs.

Leases are generally legal documents but can be as informal as oral arrangements. Terms of the lease can be fixed, periodic, or of indefinite duration. For leases lasting longer than one year, a written agreement must be produced in order to satisfy the Statute of Frauds.

For commercial leasing, several advantages and disadvantages exist. Commercial leasing is less capital-intensive than purchasing, lessens the risk of a negative property valuation, and provides more flexibility for businesses expecting short-term growth. Disadvantages of commercial leasing include high maintenance costs, difficulty in getting out of a lease, especially if business conditions require more space or a different work site, and fluctuating rental payments based on the success of the business.

If you are involved in a commercial or personal lease dispute with your landlord or a tenant, professional and experienced legal aid is a recommended option to make sure you preserve your rights. Unfortunately, without the assistance of a lawyer, you may unnecessarily lose money or your reputation. The experienced Minneapolis business lawyers at Skjold Barthel can help you resolve your lease dispute. Contact them today at 612.746.2560 to discuss your legal options.