Must a business owner attend a commercial property closing?
In some ways, buying commercial real estate is very similar to buying residential property. There is a public listing and a bidding process. The prospective buyer may need to arrange for financing. The seller has to disclose property issues. Everyone generally has to...
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...