What is a commercial finance broker? A commercial broker serves as a liaison between you and the lender, similar to residential mortgage brokers. You can choose to compare business loans from other lenders, and many people actually do this. A…
Is it legal to run a business in a residential property? Running your business from home is a great way to reduce overhead costs while growing your business. But it’s important to ensure you are doing so within the confines…
What is Anticipatory Breach of Contract? An action that indicates a party’s intention to default on its contractual commitments to another party constitutes an anticipatory breach of contract. The counterparty’s obligation to carry out its responsibilities may be terminated by…
How is “in default” different from a breach in contract law? There isn’t much of a difference between a breach of contract and a default in general legal terminology. Both signify that one of the parties has breached his contractual…
Can my commercial lease be voided if the property is sold? When a commercial building is sold, the tenets do have a list of rights that will often protect them from eviction. Usually, the act of selling the property does…
Can a landlord keep a deposit if a tenant breaks the lease on a commercial property? In most situations, you must give your landlord 30 days’ written notice if you are the tenant and plan to leave. If you don’t,…
When does a commercial lease get voided? Leasing agreements may be void simply due to illegitimate terms. A contract that has been voided is said to be void “on its face,” which means that no one can enforce it. A…
How do the terms of a commercial lease operate? A tenet is given rights to a commercial property through a commercial lease. It’s a legally binding contract that specifies any terms and restrictions you and the landlord (who is frequently…
What are the best practices for Commercial Real Estate leasing? If you have a business that needs a physical space to operate from, one of your major expenses will be your rent. If a lease is not negated properly, it…
When can a tenant break a rental lease? While a lease is a legally binding contract, there are many legitimate reasons for a lease to be broken. In the following circumstances, you might be entitled to vacate the property legally…
Law Advocate Group, LLP 
