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.

Conclusion

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!

 

COVID-19 Business Survey
LegalVision is conducting a survey on the impact of COVID-19 for businesses across Australia. The survey takes 2 minutes to complete and all responses are anonymous. We would appreciate your input. Take the survey now.

About LegalVision: LegalVision is a tech-driven, full-service commercial law firm that uses technology to deliver a faster, better quality and more cost-effective client experience.

The majority of our clients are LVConnect members. By becoming a member, you can stay ahead of legal issues while staying on top of costs. For just $199 per month, membership unlocks unlimited lawyer consultations, faster turnaround times, free legal templates and members-only discounts.

Learn more about LVConnect

Adi Snir
Need Legal Help? Get a Free Fixed-Fee Quote

If you would like to receive a free fixed-fee quote or get in touch with our team, fill out the form below.

  • By submitting this form, you agree to receive emails from LegalVision and can unsubscribe at any time. See our full Privacy Policy.
  • This field is for validation purposes and should be left unchanged.
Our Awards
  • 2019 Top 25 Startups - LinkedIn 2019 Top 25 Startups - LinkedIn
  • 2019 NewLaw Firm of the Year - Australian Law Awards 2019 NewLaw Firm of the Year - Australian Law Awards
  • 2020 Fastest Growing Law Firm - Financial Times APAC 500 2020 Fastest Growing Law Firm - Financial Times APAC 500
  • 2020 AFR Fast 100 List - Australian Financial Review 2020 AFR Fast 100 List - Australian Financial Review
  • 2020 Law Firm of the Year Finalist - Australasian Law Awards 2020 Law Firm of the Year Finalist - Australasian Law Awards
  • Most Innovative Law Firm - 2019 Australasian Lawyer 2019 Most Innovative Firm - Australasian Lawyer
Privacy Policy Snapshot

We collect and store information about you. Let us explain why we do this.

What information do you collect?

We collect a range of data about you, including your contact details, legal issues and data on how you use our website.

How do you collect information?

We collect information over the phone, by email and through our website.

What do you do with this information?

We store and use your information to deliver you better legal services. This mostly involves communicating with you, marketing to you and occasionally sharing your information with our partners.

How do I contact you?

You can always see what data you’ve stored with us.

Questions, comments or complaints? Reach out on 1300 544 755 or email us at info@legalvision.com.au

View Privacy Policy