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...
Many people who could use the protection of an automatic stay or the relief of discharging certain debts do not want to file for personal bankruptcy. They may worry about the negative impact bankruptcy could have on their lives. One of the biggest deterrents to filing...
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...
When someone buys a commercial property, they are expected to make monthly mortgage payments to the bank until they fully own the property. Should the debtor (buyer) fall behind or fail to make payments, the bank may seek to put a lien on their assets. To ensure the...
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...
