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...
Year: 2022
Understanding co-tenancy clauses
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...
Should you consider leasing commercial real estate in New Jersey?
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...
Is location still the most important thing for commercial real estate?
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...
How commercial lease disputes arise
Commercial landlord-tenant relationships can be beneficial to all parties. However, this mutually beneficial relationship must be founded upon a watertight commercial lease agreement. Where such agreements are ambiguous or unfair, disputes can arise. A dispute in the...
What happens to the easement if you buy a commercial property?
You're looking to buy a commercial property so that you can start your business, and you find one in the right location and the right price point. You're interested in making an offer, but you discover while talking to the seller that there's an easement. They've...
Bankruptcies could be on the rise in 2022
If you’re struggling with money and don’t know how you’re going to pay back your debts, you’re not alone. There are many Americans in the same position, and attorneys who specialize in bankruptcy believe that filings for bankruptcy due to excessive debt will rise in...
Understanding use and exclusive use clauses
If you’re signing your first commercial lease, it can be overwhelming. These are typically very long documents. Because they’re drawn up by the property owner, they’ll likely favor them. That’s why you need to know what you’re agreeing to and be ready to negotiate...
Short-term leases can help keep your commercial space occupied
If you’ve got a commercial space that’s been vacant since your last tenant moved out, you’re losing money on it every month – and that lost rent is mounting. There are also security issues when a commercial space is empty. Further, if there are multiple vacancies in...
What you should know about Estate Planning & How the Law Office of Franklin Montero can help
Although estate planning can be a complex task, a well-informed plan can make a big difference in what is left for your loved ones. Before you begin to take action on your estate plan, it's important to understand the key topics that may arise as you address your...