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...
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...
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...
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...
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...
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...
