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Making a Restaurant Lease
Commercial landlords and their tenants often use Restaurant Leases for the purpose of documenting their relationship with each other. When it is drafted correctly, this contract can help to reduce conflicts by ensuring that both signers have a mutual understanding. You can tap or click the "Make document" button to take a closer look at the sample Restaurant Lease and see what information you'll need to build your document.
The good news is that you do not have to reinvent the wheel to put your agreement in writing. When using Rocket Lawyer, anyone is able to create a free Restaurant Lease online with ease. Your document will be constructed section by section, so you can feel confident that it has the correct details within. Normally, for this level of personalization, you might end up paying a conventional lawyer a few hundred dollars, if not more, in fees.
Regardless of whether your property is new or many years old, it is always important to keep track of each tenancy with a lease. Using a Restaurant Lease could be helpful to you due to the following benefits:
Any landlord opting not to make this document ought to prepare for issues like questions about payment dates and withheld deposits.
In order to complete your Restaurant Lease with Rocket Lawyer, you'll need the following information:
As you may expect from a document like this one, your Restaurant Lease will also contain legal language related to late rent and property damage. As you make your document, you'll also be able to include more specifics about insurance requirements, furnishings, and maintenance procedures. Additional alterations are permitted, as necessary.
As with any legal contract, a Restaurant Rental Agreement is not legally binding until everyone has signed it. This is not your average Restaurant Lease template. Any Restaurant Rental Agreement under a Rocket Lawyer Premium membership also comes with optional access to Document Defense® support from an attorney when you need it.
In order to finalize your drafted agreement, it must be signed by both you and the tenant. Make sure to send a final copy of the signed agreement to the other party. RocketSign® enables you to handle the process online. With a membership, you also can print, copy, and download it as a Word or PDF file as necessary. Also feel free to take a look at our collection of contracts and other documents for property owners.
The answer depends on your state and the length of your lease. For example, some states require a notary for a commercial lease that is 3 years or longer. Typically, states will only require that the landlord and tenant sign the lease.
Laws can change over time. If you've got any particular hesitations or concerns in connection to local property rental laws, you can always talk to an attorney. Finding a lawyer to provide feedback on your document can take longer than you would expect if you attempt to do it by yourself. An alternate approach to consider is to get help via the On Call attorney network. Rocket Lawyer members can ask for a contract review from an experienced lawyer or get answers to additional legal questions. As a property owner or manager, you can be confident that Rocket Lawyer is by your side.
Leasing a restaurant can range anywhere from $3,000 to over $10,000 depending on the size of the space and the surrounding area. Check the rental prices in your area in order to price your property competitively.