It’s no secret that commercial leases are complex. They’re filled with wordy legal jargon, complicated rent schedules and confusing dates. What makes them even more challenging is that no two leases are the same. A holdover clause in a lease located in California can look drastically different than one in New York. The wording, style, and several other elements are impacted by things like regional idioms or landlord preferences.
These headache-inducing elements carry a lot of risk, which means that lessees have to bite the bullet and carefully hunt through each page to find the important information to track. Not to worry though, all that hard work pays off in the end. You get to sleep soundly at night knowing that you aren’t missing out on any obligations or opportunities that could otherwise lead to loss of time and money.