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Paid $500 for a lawyer to review a lease clause and it saved me from a $3,000 early termination fee
I almost signed a commercial lease in San Diego without reading the renewal terms, but my attorney caught a automatic escalation clause that would've kicked in if I missed a 30-day window. Has anyone else dodged a hidden cost in their lease agreements?
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gavin69212d ago
Man, that automatic escalation clause is exactly the kind of thing that sneaks up on you. I've seen those 30-day windows before, and they're brutal if you're busy or just forget. It's wild how landlords hide these traps in plain sight, like a rent increase that triggers if you don't give notice exactly on the first of the month. My buddy had a similar thing with a "holdover tenancy" clause that doubled his rent if he stayed one day past the lease end. A good lawyer is worth every penny for catching those, especially since a $500 fee beats a surprise $3,000 hit any day.
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