Although they are similar documents, there are many significant differences between a commercial lease and a residential lease. No matter how many apartments you have previously rented, you may not be familiar with the terms used in a commercial rental agreement. For...
A commercial lease agreement binds the business and the landlord during the lease period. The term “commercial” means that the tenant shall use the rented property for business rather than residential purposes. However, there are times when the landlord may want to...
Your company is managing to turn a profit, but the margins can be fine at times. Any unpleasant surprises or increases in costs could make the future of your business less secure. You’ve been notified that your rent is set to increase, and you’re concerned about the...
When you sign a lease for commercial premises, you commit your business to pay thousands of dollars in rental fees over the next multiple years. It is common for commercial leases to last several years, and the contracts do not just disappear when you close your...
Whether you’re a budding entrepreneur or established business owner, there may come a time when you need to acquire a new location for your company. Depending on the type of company you are running, your business location will need to meet certain needs. For...
When someone sues you, the courts might award them a judgment. You could be subject to judgments for numerous reasons, but unmet financial obligations are a common source of personal judgments. A creditor can take you to court for an unpaid debt and use your payment...
If you’re looking for commercial space for your retail business, you may find that some landlords have what are known as “percentage leases.” These types of leases are most common in shopping centers and outlet malls. The way this type of lease works is that the...
If you’re looking at commercial spaces for your business, you’re likely interested in what other businesses are in the same complex or development. Retail and food businesses, in particular, can benefit significantly by having an anchor tenant (sometimes called a key...
Successful entrepreneurs have business decisions to make each day. When the time comes to relocate your commercial headquarters, you typically have two options in Passaic, New Jersey. You can buy business real estate or lease your next commercial property. Buying a...
For decades, people have said that the most important thing for a business is the location. There's an old saying about asking about the three most important qualities of a commercial property, and the answer is just location, location, location. And this certainly...
