Reading time: 4 minutes

Are you looking to start your own sign writing business, or expand your already existing sign writing business? If so, it is essential that you take the time to understand the legal considerations of entering into a commercial lease for your business. Commercial leases are not generally something that you would think about when assessing what is most important for your business, as on the face of it, it has very little connection to how you do business. However, it is impossible to take in customers and grow your business in the way you want, without an effective commercial lease. An ambiguous commercial lease will always leave you feeling insecure, as you may lose your place of business at any time, or be forced to pay exorbitant sums to remain on the property. Such problems will take away from your ability to focus on the day-to-day running on your business, leaving it to suffer.

How can I ensure that my commercial lease is effective?

The main aspect of a commercial lease that you should focus on for your sign writing business is ensuring that your commercial lease reflects the way that you want to do business. This may sound simple, however, there are a lot of moving parts to any business, and synchronising those parts with your commercial lease can be a daunting task for any business owner.

The first aspect of a commercial lease that you should take into consideration is the payment method. You should ask yourself whether or not you wish to pay in large lump sums on a monthly basis, or small sums on a weekly basis, or fortnightly. This decision will have a great influence upon the liquidity of your sign writing business, and could potentially be the difference between making it or breaking it during its formative stages. The only way to know which method of payment is best for your business is by creating a thorough business plan. In addition, after you have made this decision, it is essential that your commercial lease places it in stone. Unfortunately, many businesses are placed in a difficult financial position due signing a commercial contract that leaves the payment method open to interpretation. You should not let this happen to you under any circumstances.

Secondly, you must ensure that your commercial lease for your sign writing business specifies the use of the property for the purpose for which you intend to use it. All commercial leases require that the use of the property be rigorously described within them. Furthermore, the commercial property cannot be used for any other purpose other than that specified. This means that if you intend the property to be used for retail, you must ensure that on the commercial lease it states that the property is to be used for retail. If this is overlooked, or the use of the property is ambiguous, it could well mean that you will have to renegotiate an entirely new lease, or at worst, be forced to vacate the premises. The most effective way of avoiding this complication is by clearly communicating your desires to the owner of the property, and reviewing your commercial lease regularly.

Should I seek legal advice before signing a commercial lease?

The short answer to this question is yes, absolutely. This may not be the answer that you want to hear, however, you can rest assured that the owner of the property will be seeking legal advice, therefore, so should you. The last thing you want to do is place your entire sing writing business in jeopardy as a result of an avoidable oversight. A legal professional will be able to give you the confidence that your commercial lease will go exactly as planned. In addition, if there are ever any concerns with the lease, you will have a legal professional who is already familiar with the situation. If you would like to see how a commercial leasing lawyer from LegalVision can assist you in creating a commercial lease, please click here.

Conclusion

Are you looking to start your own sign writing business, or expand your already existing sign writing business? If so, it is vital that you are aware of the legal considerations associated with entering into a commercial lease. You should firstly ensure that the payment method specified in the lease is reflective of the way you want to do business. Secondly, you should ensure that the use for the property specified in the lease, is for the purpose that you desire. Finally, it is important that you seek legal advice at some stage during the process to avoid falling victim to any unfortunate oversights. If you have any further questions regarding commercial leases, please 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