How Do the Terms of a Commercial Lease Operate?

How Do the Terms of a Commercial Lease Operate?

A commercial lease grants a tenant rights to use a commercial property. It is a legally binding contract that outlines the terms and conditions both the tenant and the landlord (often the property owner) must follow. Given that not every
When Can a Commercial Lease Be Voided?

When Can a Commercial Lease Be Voided?

Leasing agreements can be voided if they contain illegitimate terms. A void contract is considered invalid “on its face,” meaning it cannot be enforced by anyone. A voided lease is treated by the court as though it never existed and
When Can a Commercial Lease Be Voided?

Can a Landlord Keep a Deposit if a Tenant Breaks the Lease on a Commercial Property?

In most cases, if you are a tenant planning to leave a commercial property, you must provide your landlord with 30 days’ written notice. Failure to do so may result in the landlord continuing to collect rent from you even
Can My Commercial Lease Be Voided if the Property Is Sold?

Can My Commercial Lease Be Voided if the Property Is Sold?

When a commercial building is sold, tenants generally have rights that protect them from eviction. Typically, selling the property does not justify evicting a tenant. Here’s what to expect if you are a tenant in a building that changes ownership.
"In Default" and "Breach" in Contract Law

“In Default” and “Breach” in Contract Law

In general legal terminology, there isn’t much difference between a breach of contract and being in default. Both terms indicate that a party has failed to fulfill their contractual obligations. However, in contract writing, precise definitions are often provided for
Understanding Anticipatory Breach of Contract

Understanding Anticipatory Breach of Contract

An anticipatory breach of contract, also known as anticipatory repudiation, occurs when one party indicates that they intend to default on their contractual obligations. This action allows the non-breaching party to terminate their obligations under the contract. The non-breaching party
Legal Considerations for Residential Property Business

Legal Considerations for Residential Property Business

Running your business from home is an excellent way to reduce overhead costs while growing your enterprise. However, it’s essential to ensure you are operating within the law and your lease agreements. The first step is to verify the local
Understanding the Role of a Commercial Finance Broker

Understanding the Role of a Commercial Finance Broker

A commercial finance broker acts as a liaison between you and potential lenders, similar to a residential mortgage broker. While you can compare business loans from various lenders on your own, many people find a broker helpful if they lack
Understanding Conversion in Law

Understanding Conversion in Law

The Concept of Conversion in Law Conversion in law refers to the unauthorized and wrongful interference with someone else’s personal property. This legal term encapsulates situations where an individual or entity takes or uses another’s property without permission, constituting a
The Essential Role of Legal Services in Business Operations

The Essential Role of Legal Services in Business Operations

Understanding the Need for Legal Services Navigating the complexities of running a business involves a myriad of challenges, notably legal hurdles that can emerge at any point. From the inception of contracts to the intricate dance of regulatory compliance, the
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