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make sure that all of your t's are crossed all of your eyes are dotted when it comes to signing on the dotted line because like I said earlier this is a legally binding document once it's signed There's No Going Back hello everyone and welcome back to our final episode of leasing commercial real estate for beginners in this series we've covered a lot of ground from determining your needs to starting your search for the right property to negotiating the lease and now we'll be discussing the final step reviewing and signing the lease okay so sit back relax make sure to hit that like button subscribe if you haven't already notification Bell and let's dive in so once you've reached this point it's important to take your time and thoroughly review the lease agreement this is a legally binding document so you want to make sure you fully understand all the terms and conditions outlined in it if there's anything you don't understand don't be afraid to ask questions or seek legal advice and this is why it is so important to have a tenant rep broker to work through all of this with you because they can outline the lease and make sure that everything that was negotiated in The Proposal is in the lease and is correct in the lease and if you have any questions that you maybe want to change in the lease the tenant rep can work through that with the landlord's broker and with you so make sure to hire a tenant rep broker through this whole process so you need to ensure the lease agreement includes all of the crucial details you negotiated and agreed upon these are the essential elements that must be present in the lease to avoid any discrepancies or misunderstandings in the future these include rent and additional fees you make sure as I stated in earlier videos you you understand how rent is calculated and when it's due in addition to base rent there may be additional fees such as common area maintenance or Cam charges property taxes and insurance be sure to clarify which fees are included in the lease and how they will be calculated also there's lease term and renewal the lease should specify the length of the lease term and any options for Renewal make sure you understand the renewal terms and any rent increases that may be associated with a renewal there is a security deposit the lease should specify the amount of the security deposit required and how it will be used be sure to clarify when the security deposit will be returned and under what conditions maintenance and repairs the lease should outline the landlord's responsibilities for maintenance and repairs as well as your responsibilities as a tenant make sure you understand who is responsible for repairs and how they will be handled the use of the property the lease should specify how the property can be used make sure the intended use of the property is allowed under the lease and any zoning laws in the area there's alterations and improvements if you plan to make an alteration or improve the property make sure the lease allows for it and specifies who is responsible for the costs and lastly subleasing if you plan to sub lease the property make sure the lease allows for it and outlines any restrictions or requirements once you have thoroughly reviewed the lease and understand all the terms and walk through it with your broker and have agreed to it it's time to sign make sure you sign all the necessary documents and keep a copy of the lease for your records it's also a good idea to consult with an attorney or your broker before signing the lease to ensure that your interests are protected that is so important and I will reiterate it throughout the whole video make sure that all of your t's are crossed all of your eyes are dotted when it comes to signing on the dotted line because like I said earlier this is a legally binding document once it's signed there's no going back so it's important to take the time to review and understand all the terms before signing and with careful consideration and professional guidance you can enter into a lease agreement with confidence and a peace of mind well congratulations you've successfully released commercial real estate but your work isn't quite done yet make sure to adhere to the terms of the lease and maintain a positive relationship with your landlord this can go a long way in ensuring a 6 successful and fruitful Tennessee well everyone thanks so much for joining me for this series on leasing commercial real estate for beginners I hope that you have found it informative and helpful and as always feel free to ask questions down below if you need further guidance I am a tenant rep broker in the market this is my expertise and please don't hesitate to reach out to me if you're looking for commercial space or you have a question about commercial real estate or maybe you're in a renewal and you need to know how to how to go about that negotiating process I can help you with that I work for a company called cressa we're a global company we're all over the world so even though you may not be in Southern California where I'm located I can help you find another broker in your area area that can help get you into some commercial space so I hope you enjoyed this series thank you so much for tuning in these last you know four weeks and I hope that as you look for commercial space you hire a tenant broker first and foremost but now you have some confidence to understand how the process works what to look out for and how to grow your business in a space that you can actually do your business so good luck in your commercial real estate venture please hit the like button subscribe notification Bell if you haven't already and I hope to see you in the next video bye for now [Music]