Commercial leases typically require a multi-year commitment from the business tenant. Many commercial leases last two years or longer. In fact, the commercial leases that persist for five or even 10 years are common. New companies and expanding businesses sometimes...
What makes a perfect tenant? Someone whose rent payment is always on time, maintains their leased space, is respectful of the other tenants around them and never complains. While that may sound ideal, it may not be entirely realistic. And when problems do arise, there...
Scouting for commercial property is a critical step for any business, whether you’re opening a storefront, expanding operations or launching a new venture. It’s more than just picking a location; it’s about aligning your business goals with practical, financial and...
A commercial lease outlines the expectations and obligations of a tenant and landlord. A lease can outline what a business can do to a property, how long the lease lasts and whether the landlord or tenant is responsible for utilities, for example. One of the biggest...
In commercial real estate transactions, a clear title is one of the most important elements to secure before closing a deal. A clouded title can delay or derail the transfer of ownership, create legal headaches and impact the long-term value of the property. Buyers,...
Investing in commercial real estate often involves large financial commitments, long-term planning and the careful review of a property’s legal and financial history. One issue that can directly affect both the transaction and future ownership is the presence of a...
Many landlords rent out their properties to businesses. These businesses may be looking for locations to start their services or looking for long-term residency. Whatever the case may be, landlords should be prepared to create a commercial lease agreement that covers...
Commercial zoning helps to shape how communities grow and how businesses operate. Zoning laws are local regulations that dictate how property can be used, and commercial zoning specifically governs areas intended for business-related activity. Understanding the...
Many people have made a lot of money out of investing in New York real estate. Others have lost money doing so. Having a good idea of where trends are heading can help you to buy and sell at the right time and increase your chances of success. Here are some current...
You’ve identified a commercial property that seems like a great investment. The location looks promising, and the seller is motivated. How do you know if it’s really worth the price? Paying too much can shrink your profits while underestimating a property’s value...
