Why many commercial tenants add force majeure clauses to their leases
Negotiating a commercial lease is a massive undertaking. The terms included in the lease can affect a business for years to come. After all, commercial leases tend to last for longer than residential leases. Frequently, businesses have to commit to multi-year leases,...
Demystifying net, double net and triple net leases
When you rent an apartment or a house, there usually aren’t too many negotiations involved – partially because there are a lot of regulations in place to make sure that you are treated fairly by your potential landlord. When you’re renting a commercial space, however,...
2 important terms to negotiate in a commercial lease
Some of the biggest and most successful businesses currently operating in the United States didn't start in commercial spaces. Even Google first started in a garage. People trying out a concept need practice to hone their skills and time to generate sufficient revenue...