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The acquisition of real property is a major investment. Whether an individual or business acquires residential property or commercial real estate, preserving the property is usually a top priority. A portion of the parcel the buyer acquired could be at risk in a...
Every new commercial lease comes with a degree of risk. Landlords often gamble on an entrepreneur's idea when allowing them to take possession of a commercial space. Most commercial leases last for multiple years, but there is never a guarantee that the business...
Commercial real estate can be a source of regular revenue for the businesses that own such properties. Tenants that rent retail facilities, office space or industrial locations often commit to multi-year leases and either pay for maintenance or manage facility repairs...
Property owners hire contractors with the expectation that they’ll take care of a project in a professional manner. Most projects are completed without any issues, but there are times when construction defects may plague the process and vision of interested parties....
Business owners and executives often have to make difficult choices about harm reduction and risk mitigation. They need to address likely risks for the organization while simultaneously keeping costs to operate the company low. Professionals often have to balance the...
Starting a partnership requires each owner to protect themselves while they simultaneously focus on the broader interests of the company. One way to do this is to have a comprehensive operating agreement in place for the business, ideally before it becomes...
Facility maintenance can be one of the biggest financial obligations of any landlord. There may be substantially more maintenance requirements at commercial properties when compared with residential properties. Businesses may rely on large parking lots for customer...
Adverse possession traces its roots back to ancient legal systems where a medieval farmer tills the soil, plants crops and builds a modest cottage on a piece of land. Over time, the farmer’s descendants continue to work the land, generation after generation....
Commercial construction projects might involve remodeling an existing facility to meet the needs of new business tenants. They also include scenarios where a landowner hires a commercial construction firm to erect an edifice or expand an existing building on...
Someone's primary residence is one of their most valuable assets. They may have made a down payment worth thousands of dollars to purchase the property followed by months of regular payments toward the principal and interest accruing on their mortgage. Homeowners...