ContractsCounsel has assisted 224 clients with lease agreements and maintains a network of 172 real estate lawyers available daily. These lawyers collectively have 24 reviews to help you choose the best lawyer for your needs. Customers rate lawyers for lease agreement matters 4.99.
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.
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Amber Masters has over 9 years of experience as a contracts attorney, helping small businesses with an array of agreements, such as purchase agreements, master service agreements, and employment contracts. She has an extensive background in employment agreements for dentists, doctors, and other health care professionals. She is a highly rated and acclaimed estate planning attorney and personal finance expert, who has been featured on CNBC, NBC, and Yahoo Finance. She successfully launched and sold a fintech startup and can empathize with the issues small and mid-size businesses face. Licensed in Oklahoma and Arizona.
An experienced commercial contracts attorney with sales, leasing, NDA, SEC compliance, corporate governance, commercial real estate, and employment experience. Also well versed in internal and external policy document and manual creation.
Nicholas Matlach is a cybersecurity expert (CISSP) and an attorney who is dedicated to helping small businesses succeed. He is a client-focused professional who has a deep understanding of the challenges that small businesses face in the digital age. He also provides legal counsel to small businesses on a variety of issues, including formation, intellectual property, contracts, and employment law.
Attorney Steven Wax is ardent about helping his clients. Whether creating personalized estate plans, drafting and negotiating contracts or other legal matters. Steven’s goal is to assist and counsel his clients to protect them and their loved ones. Steven grew up on Long Island, New York. He attended the University of Massachusetts in Amherst earning a BS in Sport Management. He earned his paralegal certificate at Duke University and earned his Juris Doctorate from North Carolina Central University School of Law in Durham, NC. Steven has an extensive legal career in the life science sector, working for some of the world’s largest Contract Research Organizations since 2013. Steven has negotiated a broad range of contracts for both businesses and individuals. Steven participated in the NCCU Elder Law Project, where he prepared wills, durable powers of attorney, living wills, and health care powers of attorneys for low/fixed income clients in Durham and surrounding counties. Steven finds meaningful ways to share his skills and passion with his community. Steven volunteers his time to Wills for Heroes, which provides no-cost estate planning documents to first responders and their families, through the NC Bar Foundation.
