Does Fair Housing Act apply on commercial property? Landlords are required to abide by the rules against various forms of discrimination in leasing or risk facing penalties that can be fairly severe. California has rigorous regulations forbidding these practices. The…
Why should you not purchase a commercial property without a loan? The prospect of getting a loan to buy real estate can be a turn off for buyers. They believe that repaying it would require exorbitant labor and that it…
What is the best way to finance a Commercial Property? Conventional Loan: A mortgage given by a bank, credit union, or other traditional financial institution that is backed by the first lien position on the asset being funded. Any sort…
What are the basic laws on Commercial Real Estate? Tenant and landlord laws The purpose of California landlord-tenant legislation is to safeguard both parties’ rights in any renting or lease agreement. These laws define the relationship between the owner of…
What is the meaning of legal interest in property? Legal ownership, which grants the right to a legal interest in the land, and beneficial ownership, which grants the right to a beneficial interest in the property, are the two ways…
What are the legal ways of acquiring a property? Possession Possession refers to having physical control over something. There are two types of possession Possession in fact: This is a physical possession. It is a tangible connection to something. Possession…
How do real property and personal property differ? All property falls into two categories: real or personal property. A very straightforward criterion, if you can physically move and object helps determine whether something is regarded as real property or personal…
Tips on leasing a commercial space Commercial leases can be complex and stressful. The landlord is constantly looking to maximize revenues, while the tenant is looking to cut expenses. Each wants to negotiate the lease in a way that benefits…
What are the major laws relating to Commercial Real Estate? Commercial real estate law can be complex with the number of laws that are currently on the books for federal, state, and municipal legislation. A lawyer is necessary to work…
What is the type of monetary damage for breaching contracts? Compensation for harms Compensatory damages are the most typical kind of financial compensation sought in claims for contract breaches. The breaching party will be required to pay the non-breaching party…
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