Leases of Tangible Property
For many companies, leases are just a part of doing business. It’s often cost-prohibitive to buy all of the equipment you need to operate, so leasing is the logical alternative. And, as with everything else in your business, you’ll need to make sure the terms of your tangible property leases match the needs and goals of your company. Unfortunately, something as simple as signing a bad lease could set you back significantly. Before committing to a new lease, contact Rinaldi & Poveromo for assistance.
Securing Fair Lease Terms
The first step in managing your business leases correctly is getting good terms from the outset. It’s easy to rush into a new lease as you are hurrying to get your business going or rushing to serve a client, but that can be a mistake. It would be best if you took your time when at all possible to negotiate favorable lease terms for whatever tangible property you need to secure.
The lease of tangible property does not come without risks, so put a property lawyer like Rinaldi & Poveromo on your side. It’s likely that a law firm is representing the other side of this deal, so going into it on your own is a bit of an unfair fight. It will be hard to negotiate a fair deal when going against lawyers who do this kind of thing day after day. Instead, bring in your own experienced counsel to meet them on a level playing field.
Protecting Your Lease Rights
Getting a lease on fair terms is important on its own – but it will only be valuable to your business if the terms of that lease are not being honored. If you have a lease that you don’t feel is being honored by the other party, contact Rinaldi and Poveromo to consider legal action. After all, a lease is a contract, and both sides are expected to conform to its conditions. When that doesn’t happen, you can experience financial harm as a result.
It’s necessary to get started right away dealing with this matter. If you allow the lease to be improperly managed for an extended period of time, that compliance may make it harder to argue your case later on. As soon as you realize that the lease isn’t being followed to the letter, get in touch with a member of our team at Rinaldi & Poveromo. We take pride in fighting hard for each and every one of our clients in Central and Northeastern Pennsylvania.
We can also offer counsel to parties on the other side of this type of lease agreement. In other words, if you are the party who is being accused of mismanaging the lease terms, we will use our experience to defend your actions and protect your financial considerations. It may be that the other party is incorrectly interpreting the terms of the lease and your actions are actually in line with what is demanded by the contract.
Make the Right Decisions
It’s all of the little decisions you make in business that add up to determine your success or failure. Mistakes like signing an unfair lease, or not taking legal action when an existing lease isn’t being obeyed, can take a big toll on your bottom line. Whether you are at the start of a new lease or needing legal help to enforce a current agreement, start with Rinaldi & Poveromo. We have experience working with business clients throughout Central and Northeastern Pennsylvania and our team would be proud to serve you.