Has anyone dealt with real estate attorneys for commercial lease reviews (as/for tenants)? What's a good rate/work ratio?
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[{"id": "f8qec57", "text": "I would shop around more, there are lawyers that do this type of review specifically and typically charge by the hour.  A flat fee would be advantageous to you for a larger lease with amendments/assignments but this one should be fairly straight forward.  Find another attorney, provide them your template, redlined copy, and clean copy... shouldn't be more than $300 - $500 for that review.\n\nJust my opinion.", "replies": [], "depth": 1}, {"id": "f8qecf3", "text": "Are you using a commercial broker? They should be able to tell you what terms in the lease are market or not and if it\u2019s heavily landlord favorable and if so maybe some suggestions. Also the price for a legal review is not bad at all and could save you $1000\u2019s later on. Is that all in or per review? Meaning if you propose changes and it comes back are you still paying your attorney again?", "replies": [], "depth": 1}, {"id": "f8qfbbj", "text": "EDIT: IDK your location but $890 is usually 3-4 hours of attorney time. If anything that seems low for a full scale lease review and negotiation. I can also understand how it doesn't make financial sense for you to pay that much if the lease rent is $1,300 per month. My suggestion is to limit the job scope, have the attorney give you a 1-2 hour lease skim and highlight any red flags, maybe $300-500, without ongoing obligation or responsibility for follow up revisions and negotiations. If you're not experienced with real estate, be aware that you're getting a more limited service than you may need.", "replies": [], "depth": 1}, {"id": "f8r555s", "text": "When you say the attorney you work with, how did you work with them? Do you know their commercial lease experience? \n\nI think that the rate is fair, depending of course on where you are in the world, particularly if they're going to put in the effort to make sure you understand their mark up, and that they understand the particulars of the situation. That's really where the savings come from if you're going to find someone cheaper.", "replies": [], "depth": 1}, {"id": "f8uljga", "text": "I am provide skip tracing services for real estate business. Do you need it.?", "replies": [], "depth": 1}]