Securing a physical space for your business is a significant expense, and a poorly negotiated lease can negatively impact your company’s profitability. Follow these best practices to reduce unnecessary costs when leasing commercial real estate:… Best Practices for Commercial Real Estate Leasing
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… How Do the Terms of a Commercial Lease Operate?
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… When Can a Commercial Lease Be Voided?
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… Can a Landlord Keep a Deposit if a Tenant Breaks the Lease on a Commercial Property?
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… Can My Commercial Lease Be Voided if the Property Is Sold?
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… “In Default” and “Breach” in Contract Law
An anticipatory breach, also called anticipatory repudiation, is a type of breach of contract that allows parties to address potential violations before the performance date arrives. Whether you are a plaintiff worried that a counterparty… Understanding Anticipatory Breach of Contract
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… Legal Considerations for Residential Property Business
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… Understanding the Role of a Commercial Finance Broker
