Reading time: 4 minutes

Are you looking to start you own plumbing business, or expand your already existing plumbing business? If so, it is important that you take great care in understanding all of the legal implications that surround a commercial lease. The commercial leases that you enter into forms the bedrock upon which you can build your business. Without a well-worded and legally sound commercial lease, it is very difficult to run a successful business, due to the fact that a poor commercial lease will mean that you’re constantly plagued with potentially ruinous drama, which could have all been avoided. A commercial lease determines where you do business, how you do business, how much you have to pay, when you have to pay and what you are able to do on the property. If any of these aspects are in dispute, your plumbing business could be damaged in both the short, and long term.

How can I avoid issues with my commercial lease?

The simplest way to avoid issues with your commercial lease, is to have a clear and concise checklist with regard to how you want to run your plumbing business. This will mean that from the outset, you will be able to lead the charge when negotiating with the owner of a commercial property. Far too often, negotiation with a property owner will become confused, as both parties will have vastly different views as to how the lease should be structured. With a checklist, however, this will not occur, as you will always know exactly what you require, and the owner of the property will be unable to confuse you into submission. So what should you include on this checklist?

An option to renew

The first consideration you should have on your checklist is an option to renew. An option to renew is present in most commercial leases, and provides the business owner (you) with the option to renew the lease before the original lease expires. This is vital for your plumbing business, as it provides it with the long term security necessary for it to grow and continue to compete with the competition. There is nothing more detrimental to the growth of a business than being forced to move property due to a failure to renew a commercial lease.

Another concern with the option to renew is that the option must be taken within a certain time period in order for it to be valid. The length and date of this time period are determined by you and the property owner. However, you should take great interest in the date and time period included, as it is your business that it will affect the most. You should not have it too early in the lease, as you will not be able to make an informed decision. Conversely, you should ensure that it is not too late in the lease, as you may have no choice but to renew due to it being so late in the term of the lease.

Finally, it is essential that there is no ambiguity surrounding the wording of this option, or the dates within which this option can be exercised.

Legal Advice

It is possible to have the most thorough checklist available and communicate clearly, and still fall victim to an ambiguous commercial lease. Without prior legal experience, it is very difficult to find all the shortcomings and oversights that could be present in a commercial lease. Therefore, before entering into a commercial lease, you should always seek advice from a legal professional. This advice, combined with your checklist and business nous, will mean that the commercial lease that you eventually sign will place your plumbing business in the best position possible to achieve success. An overview of how a legal professional can help your plumbing business can be seen here.

Conclusion

Are you looking to start your own plumbing business, or expand your already existing plumbing business? If so, it is important that you take great care in understanding all of the legal implications that surround a commercial lease. The most effective way to ensure that you are on the right side of these implications is by creating a checklist. From this checklist you will be able to create an option to renew that will allow your pluming business to expand in the manner, and at the pace, that you want. However, it is important that you seek legal advice during some stage of the process, as this will allow you to feel confident that your business plan will be reflected in the commercial lease, which can be enforced in a court of law. If you have any further questions regarding commercial leases, feel free to call LegalVision for a fixed-fee quote.

Webinars

Redundancies and Restructuring: Understanding Your Employer Obligations

Thursday 7 July | 11:00 - 11:45am

Online
If you plan on making a role redundant, it is crucial that you understand your employer obligations. Our free webinar will explain.
Register Now

How to Sponsor Foreign Workers For Your Tech Business

Wednesday 13 July | 11:00 - 11:45am

Online
Need web3 talent for your tech business? Consider sponsoring workers from overseas. Join our free webinar to learn more.
Register Now

Advertising 101: Social Media, Influencers and the Law

Thursday 21 July | 11:00 - 11:45am

Online
Learn how to promote your business on social media without breaking the law. Register for our free webinar today.
Register Now

Structuring for Certainty in Uncertain Times

Tuesday 26 July | 12:00 - 12:45pm

Online
Learn how to structure to weather storm and ensure you can take advantage of the “green shoots” opportunities arising on the other side of a recession.
Register Now

Playing for the Prize: How to Run Trade Promotions

Thursday 28 July | 11:00 - 11:45am

Online
Running a promotion with a prize? Your business has specific trade promotion obligations. Join our free webinar to learn more.
Register Now

Web3 Essentials: Understanding SAFT Agreements

Tuesday 2 August | 11:00 - 11:45am

Online
Learn how SAFT Agreements can help your Web3 business when raising capital. Register today for our free webinar.
Register Now

Understanding Your Annual Franchise Update Obligations

Wednesday 3 August | 11:00 - 11:45am

Online
Franchisors must meet annual reporting obligations each October. Understand your legal requirements by registering for our free webinar today.
Register Now

Legal Essentials for Product Manufacturers

Thursday 11 August | 11:00 - 11:45am

Online
As a product manufacturer, do you know your legal obligations if there is a product recall? Join our free webinar to learn more.
Register Now

About LegalVision: LegalVision is a commercial law firm that provides businesses with affordable and ongoing legal assistance through our industry-first membership.

By becoming a member, you'll have an experienced legal team ready to answer your questions, draft and review your contracts, and resolve your disputes. All the legal assistance your business needs, for a low monthly fee.

Learn more about our membership

Need Legal Help? Submit an Enquiry

If you would like to get in touch with our team and learn more about how our membership can help your business, fill out the form below.

Our Awards

  • 2020 Innovation Award 2020 Excellence in Technology & Innovation Finalist – Australasian Law Awards
  • 2020 Employer of Choice Award 2020 Employer of Choice Winner – Australasian Lawyer
  • 2020 Financial Times Award 2021 Fastest Growing Law Firm - Financial Times APAC 500
  • 2020 AFR Fast 100 List - Australian Financial Review
  • 2021 Law Firm of the Year Award 2021 Law Firm of the Year - Australasian Law Awards
  • 2022 Law Firm of the Year Winner 2022 Law Firm of the Year - Australasian Law Awards