Choosing the right commercial lease is crucial for any business owner venturing into commercial real estate. The terms of the lease can have a significant impact on your business's bottom line, as well as your daily operations. Selecting a commercial lease isn't just...
Real Estate
What to do when you buy a home with undisclosed defects
Investing in a home is a significant move. You researched, hired a reliable real estate agent and carefully reviewed the disclosure statement to get an ideal home. Unfortunately, a seller or realtor may not act in your best interest by failing to disclose the defects...
3 contingencies to consider when closing on a home
A contingency clause allows you to withdraw from an agreement to buy a house, without penalty, in specific circumstances. As withdrawing from a signed promise to buy may otherwise be expensive or even impossible, it’s crucial to include all the contingencies you might...
3 biggest lies dishonest real estate agents are guilty of
Most real estate agents are diligent workers who genuinely care that their clients obtain a good deal for their homes. However, like in any field, there are some bad apples. Dishonest agents who only care about commissions might lie to clients to secure a listing. 1....
What are my obligations as a commercial property lessor?
Commercial property leasing is an investment that requires thorough management and operation. And to ensure proper management, lessors need to understand their obligations fully. Otherwise, they might face complexities relating to the lease, which can also lead to a...
Why would a tenant want to use an escape clause?
Landlords will sometimes find themselves dealing with tenants who would like to add an escape clause to their lease. Perhaps this is a tenant who is renegotiating their lease, or maybe they’re just considering leasing a location for the first time. An escape clause,...
How do commercial landlords price leases?
As with many things regarding commercial property, lease pricing is more complicated than that used for residential property. Commercial landlords can choose from one of several ways to price their premises. Not only can that make comparing the price of different...
The benefit of adding a force majeure clause to commercial leases
Many tenants signing a lease on a commercial property simply accept the forms provided by the landlord with no question. Although this approach is certainly expedient, it may leave the tenants vulnerable. Commercial leases often impose numerous obligations on tenants....
Include a title review in your commercial property purchase
After a long search for the right commercial property, you’ve finally found one to purchase. You have already met the seller, agreed on the price and terms and acquired a preliminary title report. After a quick scan, you determine the exceptions listed on the title...
