Most laundry companies use standard leases for the properties that they service. But most laundry room leases do not address, or don’t properly address, many very important issues that can arise in dealing with customers. A properly written lease should protect your rights and give you strong leverage in all situations. Here is a partial list of issues to consider:
Renewal Clauses – Will they accomplish your goals? Are they clear, and properly presented?
Termination Notices – Is it clear when they must be served, and when they are ineffective?
Foreclosures – Are your leases drafted in ways that minimize the risk of foreclosure?
Breaches / Damages – Do your leases allow you to recover the maximum if they are breached?
New Owners – Is it certain that they will be required to honor your leases?
Right of First Refusal – Do you have one? If so, will it really help you to retain locations?
Service Obligations – Are they feasible, and do they avoid creating a risk of termination?
Rehabilitation of Properties – Do your leases give you practical rights in this situation?
Holdovers – If the landlord lets you stay after your lease term expires, are your rights addressed?
Attorneys Fees – An attorney’s fees clause can actually reduce your legal costs, by making lessors less likely to breach your leases, for fear of the consequences. Many customers will agree to a fully mutual attorney’s fees clause, such as: “In the event of any legal action arising out of this lease, the prevailing party shall be entitled to recover all costs incurred, including reasonable attorney’s fees, in addition to all other available relief.”
The Law Firm of Russel G. Winick & Associates, P.C. has 30 years of experience in helping laundry companies all over the USA to create state-of-the-art leases. A properly drafted lease will improve your legal rights, thus reducing the number of legal disputes, and lowering your attorneys’ fees. We assist clients with both improving their standard leases, and writing customized lease clauses to fit particular situations or customer demands. If our vast experience in the laundry business could benefit you, feel free to contact Russel Winick at 630-548-5800.