When someone rents or leases a commercial space, there may be concerns over who has to cover specific costs. Certainly, the tenant has to pay the monthly rent. But what about additional costs that come along with using the commercial location? For example, wear and...
When you’re looking for a commercial rental for your business, you might be focused on things like the location and the lease terms. While those points are critical, there are a few other points that you need to think about so you can ensure the property is going to...
Whether you’re expanding an existing business or starting your first, you face some big choices if you’re thinking about commercial growth. One of the most crucial decisions you may face – depending on your business model – involves whether to buy or lease a new...
Renting a commercial property is not at all like renting a residential property. Commercial leases are endlessly customizable and usually take a lot of negotiation. That makes it important to understand the different types of commercial leases available, including...
When your lease term is almost expiring, you will consider whether you want to renew it or move to another location. In New Jersey, a landlord must allow a tenant to renew their lease unless the landlord has good cause for an eviction under the Anti-Eviction Act....
As a business owner, you may discover that the property you own isn’t zoned for the type of business you’d like to run. Additionally, if you don’t own the property yet, you may be considering a purchase, but the incorrect zone may be holding you back. One option is to...
A 1031 exchange is a tool for investors in commercial real estate to defer capital gains taxes on the sale of a property. It’s based on Section 1031 of the U.S. Internal Revenue Code. In order to qualify, the proceeds are reinvested in a like-kind property. This is a...
Purchasing or leasing a piece of commercial real estate is a significant investment for businesses. This may be the place where most of your business activities take place. It might be the headquarters that your employees work out of. However, choosing a piece of...
When it comes to your commercial real estate deal, few things are as crucial as contingency clauses. These contract provisions can significantly impact your transaction by offering protection and flexibility. There are various types of clauses, so it's important to...
Real estate developers are likely familiar with the term 'eminent domain' and how it can affect their commercial properties. It's a divisive issue that often pits private property owners against government entities. Eminent domain is a Fifth Amendment right that...
