Avoid real estate disputes by getting things in writing

While there may be some California business owners who stand by a good old-fashioned handshake and a verbal agreement to do business, most understand that the absence of a written contract can place them at risk. A married couple in another state who own a bakery business together is currently involved in real estate disputes after recently trying to negotiate a new rental lease with their landlord. The couple says when the landlord mentioned that she'd be raising their rent, they were not surprised by or opposed to the idea. 

However, to make it worth their while, they requested that the landlord make some repairs and improvements on the property. The landlord apparently agreed to do so, and a verbal agreement was reached. Before anything was placed in writing, the landlord retracted her offer. Not only did she say she was no longer interested in leasing her property to the bakers, she also said they needed to vacate the premises within a month and a half.  

The pair work as a savory chef and pastry chef at multiple store locations. The couple has plans to reopen their flagship bakery at a former location where they used to be in business. However, they also say they wish their landlord had honored the verbal agreement they made.

Most California business owners understand that switching property locations can delay production and profits. That's why most try to negotiate alternative deals if the initially proposed terms of a lease are not accepted by their landlords. Most business attorneys are highly skilled negotiators who can review potential contracts and provide guidance as to possible ways to avoid real estate disputes down the line.  

No Comments

Leave a comment
Comment Information