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A commercial lease is an executory contract. Both parties have long-term obligations to one another after signing the lease. Either party can potentially take legal action when the other fails to uphold their obligations. It is therefore important for both landlords...
Unless you’re lucky enough to be able to pay cash, you’re going to need a lender to fund your real estate purchase. That means learning the language of loans very quickly. Two important documents that are involved in most real estate transactions are the mortgage and...
If you’re looking to purchase real estate, you may be interested in a short sale. This occurs when the seller is trying to avoid foreclosure or similar actions. They may be underwater on the house, meaning they owe more on the loan than the house is currently worth....
If you have been looking to lease a commercial property, or are considering investing in a property to lease out, you may have come across the words “net lease” You may have seen it mentioned in various forms, such as triple net, double net and single net leases....
You’ve been searching for a new commercial property. Maybe you started a business 10 years ago, and it’s become very successful. It has grown to the point that you want to open a second location. You finally find a property that looks perfect, and you are considering...
Whether to buy or lease commercial property is a decision that can impact your business financially and operationally. As such, it helps to look beyond the immediate costs and consider your long-term business strategy, growth potential and flexibility. While both...
Investing in commercial real estate offers significant potential for profit, but it demands thorough planning. One way to help secure substantial returns is to obtain a property appraisal before making a purchase. This independent assessment of a property can help...
We recently discussed how home sellers have an obligation to disclose defects during a real estate transaction. If the seller knows that there are significant problems with the home, they need to make potential buyers aware of those issues. After all, this can affect...
Commercial landlords rent out their properties to businesses that need space. They may provide retail space, industrial facilities or even office rentals. Commercial landlords may rent out an entire building or a single unit in a multi-tenant property. They can...
Buying commercial real estate is typically not a task the uninformed should take on alone. It is a complex process that is fraught with many potential pitfalls. Here are some of the most frequent issues that can arise when closing on commercial property, and how legal...
