ContractsCounsel has assisted 223 clients with lease agreements and maintains a network of 171 real estate lawyers available daily. These lawyers collectively have 23 reviews to help you choose the best lawyer for your needs.
The average cost (i.e., legal fees) for a lawyer to draft a lease agreement is $590 [1] on a flat fee basis. The average cost for a lawyer to review a lease agreement is $610 [2] on a flat fee basis. These cost points come from recent projects on the ContractsCounsel platform and are averages from across all US states.
Based on 39 recent projects completed by lawyers on ContractsCounsel.
Last updated: 16 September, 2024
Create Lease Agreement Review Lease Agreement Buy TemplateA lease agreement is a legally binding contract between a property owner, called the landlord, and a person who rents the property, referred to as a tenant. The lease agreement lays out the terms and conditions under which the tenant can use the property and how much the landlord will charge for the use of their property.
There are two main categories of lease agreements:
Residential lease agreements are used when a tenant wants to rent a living space from a landlord. This can be:
Commercial leases are used for renting space to run a business like an office space or brick and mortar store.
A lease agreement is an important document for both the landlord and the tenant. This contract lays out the rights and responsibilities of each party and protects each party for certain liabilities. A well-drafted lease agreement will help facilitate a successful business relationship and avoid disputes.
The landlord typically drafts lease agreements, and many landlords choose to hire an attorney for this job. An attorney will know what terms and conditions must be included in the lease and ensure that the contract adheres to all state and local laws regarding lease agreements.
The terms and conditions in a lease agreement will vary based on the type of lease. For example, a residential lease must include different information than a commercial lease.
Lease agreements are also negotiable and customizable. Landlords and tenants can add custom terms where they see fit.
Although lease agreements will vary from property to property, all lease agreements should include the following basic information:
Additional terms and conditions can be added to any lease. An attorney with experience drafting leases will know what terms and conditions should be added to protect the landlord and the tenant.
There are several types of lease agreements, and each one is used for a different kind of property or rental situation.
Common types of lease agreements include:
Consult with your lease agreement lawyer if you are unsure what type of lease agreement is right for your rental.
Meet some lawyers on our platformIt is recommended that a landlord hires a lawyer to draft their rental lease agreement. Any mistakes or omitting a necessary clause could open a landlord to legal and financial liability.
An attorney with experience drafting lease agreements will know which clauses must be included to protect the landlord’s interests and avoid disputes.
When drafting a lease agreement, a lawyer will consult with the landlord to learn about the property and what conditions the landlord wants to include. Then, a lawyer can guide the best type of lease for the landlord’s rental and any additional clauses that need to be included.
When tenants sign a lease agreement, they take on a large responsibility. A good rule of thumb with contracts is that they most often favor the drafter – in this case, the landlord. A tenant may want to hire an attorney to review the lease agreement before they agree to sign.
A tenant’s lawyer will review the lease in the tenant’s best interests. The lawyer can even negotiate on the tenant’s behalf to ensure that all terms and conditions are fair and legal.
Lease agreement drafting costs can vary based on:
ContractsCounsel’s marketplace data shows the average lease agreement drafting costs are $590 across all states.
When tenants hire an attorney to review a lease agreement, they will be responsible for their legal fees. The lawyer will charge for their time reviewing the contract, suggesting edits, negotiating, and meeting with the client.
ContractsCounsel’s marketplace data shows the average lease agreement review costs are $610 across all states and industries.
Lawyers in all legal fields commonly use hourly rates. Under an hourly rate fee structure, the lawyer will provide a client with their hourly rate. If the client agrees, the lawyer will begin working on the task while keeping track of their billable hours.
At the end of the job, the lawyer will bill the client for the total number of hours spent working on the case.
The marketplace data for ContractsCounsel shows that the average hourly rate for a lease agreement lawyer ranges from $200 - $350 per hour.
A flat fee rate is a more straightforward way to bill clients. Instead of charging hourly, the lawyer will quote the client a total fee for all legal services associated with the specified project. This fee is typically paid upfront before the lawyer begins work on the case.
Clients should be sure they understand what services are included in the flat rate fee. For example, suppose the lease agreement requires revisions or the client requests additional meetings with the attorney, this extra time may not be included in the fee, and they could be subject to more legal expenses.
ContractsCounsel's marketplace data shows the average flat fee rate for a lease agreement is $600.
Do you need help with a lease agreement project? If so, post a project in ContractsCounsel’s marketplace to receive flat fee bids from real estate lawyers to handle your project. All lawyers on the ContractsCounsel’s platform are vetted by our team to make sure you are provided with top tier service.
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
I am a solo-practitioner with a practice mostly consisting of serving as a fractional general counsel to growth stage companies. With a practical business background, I aim to bring real-world, economically driven solutions to my client's legal problems and pride myself on efficient yet effective work.
Tim advises small businesses, entrepreneurs, and start-ups on a wide range of legal matters. He has experience with company formation and restructuring, capital and equity planning, tax planning and tax controversy, contract drafting, and employment law issues. His clients range from side gig sole proprietors to companies recognized by Inc. magazine.
Over 30 years of experience practicing commercial real estate and complex business litigation law.
Craig E. Yaris is a Managing Partner at Holon Law Partners, with the experience and drive to handle all your Franchise, General Business Practice, and Mediation needs. As a former small business owner and Chief Operating Officer of a franchisor himself, Mr. Yaris is passionate about promoting business growth. He has experience handling daily operations, employee disputes, and negotiations of pertinent contracts for a franchise company with 100 locations in five states, where he organized and conducted semi- annual meetings to educate and inform franchisees of best practices for improved growth. In addition, Mr. Yaris was responsible for the preparation and filing of the UFOC (Uniform Franchise Offering Circular) in several states and is well-versed in business formation. Between his time as Franchisor and Conflict Resolution Specialist, Mr. Yaris was the Co-Founder and Chief Operating Officer of an online company whose goal was to help inform marketers and business owners of the fast-paced and ongoing changes within their specific verticals. This experience helped him hone his research and writing skills and prepared him for the cloud-based aspects of Holon Law Partners. Mr. Yaris also has extensive experience in public speaking, as he has planned and delivered several keynote addresses and educational seminars for many New York-based organizations, and as a Continuing Education Instructor for Hofstra University. Prior to joining Parlatore Law Group, Mr. Yaris worked as a Patient Advocate, and more recently, a Conflict Resolution Specialist, where he mediated and resolved disputes on behalf of patients with insurance companies. In this role, he negotiated for coverage of previously denied medications and medical procedures as well as successfully mediated disputes between individuals and business partners which would have otherwise resulted in protracted litigation. In addition, he has experience mediating employer and employee disputes as well as helping resolve family conflict. He has also studied and attended many Non-Violent Communication (NVC) workshops and strives to bring these tools and methods to all of his mediations. His variety of experiences speak to his ability to handle small business needs at all stages of business growth and development. Mr. Yaris also has experience with business growth and development, as he has worked with several small business on creating and implementing strategies for steady growth. In addition, to spending time with family, Mr. Yaris volunteers his time helping spread the message of the ACLU and he supports many local charities focused on families and children. He is admitted to practice in New York.
