Are you looking to start your own blacksmith business, or expand your already existing blacksmith business? If so, it is vital that you are aware of the legal considerations associated with any commercial lease you will be entering into. Throughout its lifetime, a blacksmith business will provide unique opportunities and challenges to its owner. Many owners of commercial property will be somewhat perplexed, as to what exactly a blacksmith business entails. This will mean that many business owners will struggle to create commercial leases that are suited to your specific needs. It is essential that you have a thorough understanding of what each commercial lease allows you to do on a property.
How can I ensure a commercial lease covers my business needs?
As the owner of a blacksmith business, you will engage in activities that are not typical of any other business. Therefore, it will be rare that you will come across a commercial lease that is able to provide for all your needs. As a result, you will be pivotal in shaping any commercial contract that you encounter. This requirement for a hands-on approach to commercial leasing can be both a blessing and a curse. On the one hand, you will have an in-depth knowledge of your lease, thereby eliminating any uncertainty you may have when choosing a property. However, on the other hand, you will need to understand how a blacksmith business is defined within current commercial law.
How a business is defined within a commercial lease has a substantial impact upon how the owner of the lease can use that property. For example, if you sign a commercial lease that specifies that a property is designated as a retail property only, you will be unable to make items on the premises, only sell them. This would result in your workshop having to be on another location, which would be a nightmare if you intended for your workshop to be on display to potential customers.
In addition, a commercial lease will have clauses relating to insurance. Therefore, if you do not specify that there will be a furnace and bellows on the property and any damage occurs as a results from their operation, you will be liable for this damage. Therefore, before signing a commercial lease, you must specify within the lease in minute detail, exactly what commercial activity or activities you will be engaging in whilst in possession of the property.
Can I do this by myself?
Although it is possible to create your own commercial lease, it is not advisable. There is little doubt that the owner of the property will be seeking legal advice when making the lease. Therefore, it is recommended that you also seek legal advice during the process. This is not to say that a legal professional knows more than you about the running of a blacksmith business, however, they will be able to ensure that your business will not be open to any unwanted liability.
Due to the unique nature of a blacksmith business, you should take the reins when seeking legal advice. You can do this by outlining exactly what activities you will be engaging in, and explaining your business model. This will allow for the creation of a commercial lease that is as unique as your business. Consequently, you will be able to develop your blacksmith business with the full knowledge that you can run your business the way that you want to, without fear of any outside interference at any stage. If you would like to see how a legal professional can help you with your commercial lease, please click here.
If you are looking to start your own blacksmith business, or expand your already existing blacksmith business, it is essential that you understand the legal considerations associated with entering into a commercial lease. As a blacksmith, the unique nature of your business means that you need to take extra care when it comes to determining the use of a commercial property. As a result, it is advisable that you seek legal advice, so that your commercial lease allows you to work in a way that allows you to show off your expertise, rather than having to worry about any liability that may arise as a result of ambiguities within the lease. If you have any questions relating to the legal considerations associated with a commercial lease agreement, please feel free to call LegalVision for a fixed fee quote. Our leasing lawyers are ready to help you every step of the way!