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…
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…
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 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…
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…
What happens when both parties breach a contract? The contract is not instantly terminated when one side violates it. Usually, the agreement is still valid, and both parties are still obligated to abide by its provisions. This enables a court…
How do you determine a breach of contract? The term “breach of contract” is quite general and can refer to many different types of infractions. When a contract is broken, several problems arise, among them: what is the breach? Who…
How are residential and commercial Real Estate Lawyers different? Residential and commercial real estate lawyers each deal with a set of widely varying laws. Below are some topics on which residential and commercial real estate differ. Zoning Regulations Land that…