Tenants generally are required to sign a commercial lease that details the rights and obligations of the landlord and tenant. The commercial lease draft document can originate with either the landlord or the tenant, with the terms subject to agreement between the parties. The most common type of ...
It offers significant resources that allow commercial landlords to plan disputes when a tenant fails to complete his or her obligations under the lease. It advises landlords to wait for how many days before taking actions if a tenant is not successful in resolving the default within the given ...
Commercial real estate is property that is used for business purposes. A landlord leases a property to a tenant in exchange for rent. Commercial real estate includes: office space, buildings, warehouses, medical centers, shopping malls, and restaurants. What can a commercial lease agreement be us...
one of the largest commercial real estate firms in the Greater Boston area, has a well deserved reputation of being an overly litigious commercial landlord (in my humble opinion). I’ve dealt with them several times, and
A commercial lease includes various components that outline the obligations and rights of both the landlord and tenant. Key elements typically found in a commercial lease are: Lease term:The duration of the lease agreement, including start and end dates. ...
In commercial real estate, the triple net (NNN) lease stands out for its attractive blend of low landlord involvement and predictable income. Under an NNN lease, tenants assume responsibility for property taxes, insurance, and maintenance, leaving landlords with a steady, passive revenue stream...
Obligations of the tenant such as the obligation to conduct regular maintenance and repairs Determining whether the landlord or tenant has the obligation to perform structural repairs Dealing with issues of rent abatement when property is damaged ... does the rent continue to fall due or not. ...
s experience in all phases of commercial real estate development and financing, as well as contract law, give him the qualifications needed to advise and facilitate all types of transactions in this field. This includes commercial real estate tax, sales, lease negotiations and landlord/tenant law,...
I really enjoy each January when I am able to attend the NAIOP Utah Commercial Real Estate Symposium. It is one of the most well done conferences on commercial that I attend and I do attend a lot of them. They have been gracious enough to share a breakdown of the event as well as sh...
The issue of when a landlord can refuse to consent to the assignment of a lease remains a notable source of litigation in the commercial real estate space. While lease agreements typically contain provisions permitting the tenant to assign upon securing the landlord’s consent (such consent not ...