Commercial leases represent a significant liability for a company and the people who run or own a business that rents any particular space. The average commercial lease lasts anywhere from three to five years and imposes massive financial obligations on the business....
Many people have rented residential spaces, such as apartments in college or homes for their families. They understand how these lease agreements tend to work. When they move to renting a commercial space, perhaps to start a new business, they may assume that the...
Signing a commercial lease is a big commitment. A business occupying an office or retail space will often agree to two or more years of rent. Landlords will often pursue full payment of commercial rent even if a business closes down and ceases operating. Many...
Net leases are a common yet often misunderstood element of commercial real estate. Understanding the intricacies of net leases is crucial for anyone involved in commercial real estate, as they dictate the financial responsibilities associated with property expenses. ...
How do you prove the validity of your foreign marriage to immigration if you don’t have a marriage certificate? Marriage certificates (duly recognized and recorded by that nation’s government) are basically the “gold standard” for evidence that a bona fide foreign...
If you’re new to purchasing commercial real estate, you may not be familiar with a letter of intent (LOI) and the role it plays in the transaction. If you’re interested in a property, though, an LOI will be one of your first steps in seeking to purchase it. An LOI...
Understanding the nuances of distressed commercial properties can be a game-changer for investors and entrepreneurs in real estate. These properties often present unique opportunities, but they come with their own set of challenges. Distressed commercial properties,...
Despite a significant increase in online trade in recent decades, many businesses still like to operate from headquarters. This could be an office building, workshop or store. Commercial real estate is typically owned outright or leased. Committing to either option...
No commercial property owner wants any of their spaces to remain vacant for long. Empty spaces mean lost rent. If you have a commercial property that’s largely retail space or a mixed-use property with office and retail spaces, your tenants often depend upon each...
The state of some cities’ downtown areas has been perilous for some time now. This wasn’t helped by the fact that many businesses encouraged or even required their employees to work from home or other remote locations beginning in 2020. The overall trend toward a...
