The real estate market in Los Angeles and elsewhere continues to change thanks to the advancements being made in technology. A particular change that appears to becoming to real estate is the increasing use of cryptocurrency. This form of currency may come in handy not only for residential real estate but also for purchasing properties featuring commercial leases.
A large office campus that eBay occupies in San Jose, California, was recently purchased. The sale price for the building featuring commercial leases was over $130 million. Investors with ties to another country completed the major purchase, the likes of which are continuing to draw attention throughout the Golden State, including in Los Angeles.
When entering into a lease agreement for your commercial space, you will probably spend a significant amount of time negotiating what would make up your rental payment, how to split the responsibilities for common areas and the particulars regarding the space itself.
In Los Angeles and elsewhere, non-residential real estate remains in high demand. A number of factors have been contributing to the growing demand for real estate featuring commercial leases. Here is a glimpse at some of these factors.
In an ideal world, disputes about agreements would never crop up. However, the world is not perfect, so real estate dispute situations are sometimes unavoidable. A common dispute in the real estate world in Los Angeles and elsewhere has to do with breach of contract.