Buying a commercial property is a big investment that can also be a very complicated process. That’s why it is in your best interest to hire an attorney. A commercial real estate attorney can help you with buying, selling, developing or leasing property that is used...
Year: 2022
How does bankruptcy affect your apartment rental?
When you live in an apartment but also have other bills to pay, things can get tight. You might already be dealing with judgments against you or have poor credit, making it impossible to move to a new unit right now even though it might save you some money. This kind...
Do you have to tell a buyer your house is haunted in New Jersey?
When you’re selling your home, you know that you have certain mandatory disclosures you need to make to potential buyers. Buyers need to know, for example, if the roof leaks or you know that you have a crack in the foundation. But what if your home comes with a few...
Is property that requires rezoning a good commercial investment?
Finding vacant land or a building that needs work or complete demolition could be beneficial for your business. Real estate can be a viable investment, particularly if your company wants its own facilities. Some property is available at a bargain price in part because...
What you need to know about CAM fees before signing a lease
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...
When can a commercial lease contract be terminated?
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...
Has your commercial rent been increased?
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...
This clause is like an escape hatch built into a commercial lease
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...
Why your commercial location is so important
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...
It is easier to avoid a creditor judgment than to remove it later
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...