Leasing out commercial premises can bring in good money. Yet, if your lease agreement is not up to scratch, the cost to your tranquility and finances can leave you wishing you had never bothered. When you build property, you have a vision of how people will use it. To...
Typically, only residential leases have clauses specifically addressing companion animals like dogs. Commercial leases usually don't talk about animals or pets at all. However, that has begun to change. Pet ownership has been on the rise in the United States in recent...
Signing a commercial lease is a major commitment. The location you choose and the facilities available will dictate everything from customer traffic to your business to growth limitations if the company succeeds. As with any other kind of business contract, it is...
When a landlord signs a lease with a new tenant, that tenant becomes responsible for paying rent. It is common for commercial leases to last for three to five years. However, businesses don't always survive for as long as the owner may have hoped they would when they...
Making sense of a commercial lease isn't easy, particularly if you haven't signed one before. There are many new terms to learn and many differences from residential leases. For example, a commercial landlord can sometimes pass maintenance requirements on to their...
Commercial leases sometimes include a build-to-suit provision that enables the business moving into the space to have it designed or remodeled in a specific manner. This gives them the option to have the building’s layout meet their needs in a very specific manner --...
When you make your living as a real estate developer, you soon learn to sniff out potential problems. Yet, if you are new to the game, there are plenty of pitfalls that could drain your finances and end your grand designs before you have started. Every industry has...
Businesses and private investors in California know the value of commercial real estate holdings, thus prompting many to look for whatever opportunities become available to build up such properties. As is the case across all real estate segments, often the key to a...
If you own or rent a commercial unit in a building with other owners or renters, there is a good chance you have at least one party wall. Party walls are simply the walls between two or more separately owned properties. Keeping party walls in good condition is in the...
Commercial tenants that outgrow a rental unit may find larger areas and move their operations there. Under an existing lease agreement, however, a tenant may still face liability for monthly rent payments. To avoid paying double rent, a tenant may find another...
